Index reaches 5 figures for the first time ever...
The Nasdaq index has surpassed 5 figures...it has passed 10k. The high price reached 10,002.50 (so far). We currently trade just below that level at 9997.
For the year to date, the index is up 11.36% now on the year. That was after a -32.60% decline from the Febuary high to the March low.
Going back a year, the index is up 27.74%.
Since the March 23 low the gain is 50.77%.
No matter how you slice it, it is impressive. It is relentless. It continues to outpace and lead.
Traders will now look to the February high at 9838.37 as a close risk level. If the price cannot get below, the sellers are not taking control. The low today reached 9863.27.
