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WTF Chart of the Day: Nasdaq 100 Back In Year 2000

By Lawrence Chan  

This is another way to look at year 2000, from the Nasdaq 100 index future perspective.

Following chart is Emini S&P and Emini Nasdaq 100 back in year 2000 from January to March.

image

People mistaken that I am a bear.

From the chart above that zoomed out quite a bit from the last one you can tell that I am really a hidden bull at least until sometime in March.

Now the more interesting thing is the dynamics between S&P 500 and Nasdaq 100.

Why I was not surprised today when NQ was making new high?

Take a look at the 30-min zoom in you will find the answer.

image

If it is going to be like year 2000, this coming 4 weeks will be very difficult to trade when S&P and Nasdaq 100 decouple from each other.

Be warned.

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Comments
  • Minty415  February 14, 2014 at 00:44:30

    Thanks, very interesting. A potential pairs trade is long 2 NQ for 1 short ES based on that analog.

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