Nasdaq 100 does it again with record close at 20,439

Following on from the previous update this morning, the record gains in the Japanese stock markets today were clearly led by the record close for the Nasdaq 100 last night. The US tech index rose to a new all time high yesterday at 20,455. It later set a new all time record daily close at 20,439. The index was led higher by gains in Intel and AMD. This time NVDA had a better day too, closing 1.88% higher and that helped the index to that record close as well. The Nasdaq 100 futures are higher this morning and are right now indicating a reopening at, or above 20,500. Looking at the topside of the current daily trend channel it appears to suggest there is scope for the index to push towards the 21k level before exhaustion might set in, if it does not do so beforehand. That is because it is now approaching overbought territory.