The technologically heavy NASDAQ100 index is sky rocketing at 15 200 points currently. Since January the index rose with 3800 points! This is a massive 35% jump! The strong up trend is confirmed by the Alligator indicator with its 3 EMA all pointing north.
NVIDIA, Microsoft, TESLA and Apple are some of the components which fuel this bullish momentum and drive the strong demand from buyers. The rise of AI is pushing the investors’ interest even higher and US100 is currently trading at 1600 points above its 50 day moving average. US30 is also high, which further reinforces the positive vibe around US stocks. Another humongous reason behind the huge rise of US100 is the Fed decision not to hike rates based on lower CPI readings last month.
Besides the fundamentals, we are also looking at technical analysis. On the daily chart, US100 is forming a very distinctive chart pattern. Demand is high, upward momentum is very strong, which pushes the oscillator indicators higher.

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