The Nasdaq has the best day going back to 2020

As trading in the US stocks has moved into the last hour, the NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index is currently leading the way with a 6.45% gain.

That came represents the highest percentage gain since April 2, 2020 when the stock market Stock Market A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still don A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still don Read this Term was whipping back and forth with huge changes to the upside and downside as result of the Covid lockdowns.

As a point of reference, the post Covid largest percentage gain was 4.06%. Given that the market was in a huge bull market from 2020 to the 2021 highs, the % gain today is quite impressive. Needless to say, investors piled in.

In an earlier post, I spoke to how the S&P index was moving above its 100 day moving average. That was a bullish tilt technically.

For the NASDAQ index, it's 100 day average is still a good bit away at 11514.65. Getting above the moving average is needed to increase the bullish bias from a technical perspective on the daily chart for the tech heavy Nasdaq index.