The NDX is 900 points higher than the NAZ. Not sure what you are looking at.
Crash Monday? SVB contagion, VIX spike
- Thread starter KCalhoun
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The NDX is 900 points higher than the NAZ. Not sure what you are looking at.
Uhhhh... I may only be able to see out of 1 eye, but I sure as heck do know what I am looking at. Please go re-read what I wrote for complete comprehension so you can see for yourself...
Roger that. You meant the difference between NDX and NQ. Which is an odd comparison, since you cannot trade the NDX.
Hi Dest. Glad to see that it took me to pull you out of your posting slumber.
There you go again on an options rave. Man...really?
My point has been that the NDX is 900 points higher than the general Naz index. That has not happened in forever. During the early Covid shit, it was inverted. The NAZ was hundreds of points above the NDX!
It was an incredible thing to witness.
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Would comparing SPX to ES an "odd comparison"?
NDX = NQ ≠ NAZ (Nasdaq Composite),
Everyone who trades the NQ's knows it's a direct correlation to the NDX (Nasdaq 100), the spread between the 2 "should" narrow to zero at expiration.
The NDX is the top 100 companies in the NASDAQ.
The NAZ is the rest of them. Like 3200 companies or something. The NASDAQ and the NDX have never had a correlation that approaches zero. They DID during the flip during the pandemic, when the NDX fell behind the NAZ. But it reversed some months later. These days? A nearly 1,000 point jump of NDX over NAZ is odd. There seems to be too much faith going into mega-cap tech. Ug!
I've never written anything about the COMPOSITE (IXIC).
NDX currently comprises 101 (used to be 100) of the largest NONFINANCIAL companies in the COMP. Suggest to do some research to better understand why it jumps the way it does.
BTW, anyone seeing the NQ's migrate towards the 60min 50ma overnight? I'm closing my NQs soon. Wife says to get off computer
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NDX currently comprises 101 (used to be 100) of the largest NONFINANCIAL companies in the COMP. Suggest to do some research to better understand why it jumps the way it does.
BTW, anyone seeing the NQ's migrate towards the 60min 50ma overnight? I'm closing my NQs soon. Wife says to get off computer
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996 stocks.
In a bear market smaller caps underperform the larger.
Only after a bull market really gets going, then small caps/speccys get motoring and catch up.