Nasdaq 100 leads US gains as tech charges back to the front

Following on from the previous update noting the impressive rebound in the Dow Jones yesterday, it was actually the Nasdaq 100 that performed best of all the three major US indexes. The gains were led by rise of 10.30% in Arm Holdings and 8.15% in NVIDIA. So, the Nasdaq 100 reversed an earlier drop to 18,531 and lifted to reach a high at 19,266. It subsequently closed 408 points higher, at 19,237 and that was a gain of 2.17% on the day. What that has also done is to increase the chances; that the index may have based out in terms of a correctional relapse to reach a support level around 18,400. A move above 19.350 today would tend to further endorse the prospect that is has regained the upward trend, but we shall have to see on that later on. The index future is higher this morning and currently pricing the opening for this afternoon, at around 19,285