Dow Jones 30, Nasdaq 100, Nikkei 225 Analysis and Charts

​​​Dow stabilises but struggles to move higher

​After dropping back on Friday the index managed to recover on Monday, holding above the lows of Friday’s session. ​This allows the price to begin a move back towards the previous highs at 40,000, so long as the 50-day simple moving average (SMA) continues to underpin the price.

​Short-term weakness targets the late May lows around 38,000.

Dow Jones 30 Daily Chart

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​Nasdaq 100 is back at a record high

​Apple’s conference weighed on the Apple stock price, but gains for Microsoft and Nvidia helped the index to move higher on Monday, moving back towards the highs seen on Friday.​A move to new record highs looks to be in play once again, building on the rally from late May.

​A close back below 18,950 might then point to some additional short-term weakness.

Nasdaq 100 Daily Chart

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​Nikkei 225 testing May highs

​The index enjoyed solid gains on Monday, recouping the losses of the second half of last week.​In the short-term, a close above 39,477, the 20 May high, would mark a fresh bullish development, and potentially spark a move back towards the March record highs.

​A reversal back below the 50-day SMA would be needed to negate this bullish outlook.

Nikkei 225 Daily Chart