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Shaken but not stirred the Nasdaq 100 leads US stock rebound

The rebound in the US stock markets extended after what was a rather shaky start for the tech sector. As reported on at the time, the Nasdaq 100 reopened modestly higher, at 21,186 and then immediately dropped to 21,043, but it did not stay down for long and the rebound that followed saw the index exactly touch 21,500. The Nasdaq later closed 335 points higher, at 21,463. The interesting thing about the chart on this one, is it gap opened higher on January 22 and then set a high that day, at 21,940. The high on January 24 was set at 21,945. The gap it left open on Monday January 27 at below 21,160 was huge after it had closed on January 24, at 21,774. Despite rising to 21,500 yesterday, it did not fill either of those gaps. In order to achieve that it would have needed to reach 21,620 in live trading. Well, of course it did not do that yesterday. What it did do, was to retrace slightly more than 50% of the fall from 21,945, to the low on Monday, at 20,976. There will be much more to add on this later today. Meantime, the opening outlook for the Nasdaq 100 today is right now largely unchanged right now 
 

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