Why does the 200-day moving average matter for the Nasdaq 100?

It marks the long-term trend line many institutions track. When price holds above it, buyers often defend dips. When price closes below it, rallies can fail faster. Today, 24,194.912 is pivotal. We look for daily closes, not intraday spikes, to confirm breaks or recoveries.

How does oil near US$100 affect the nasdaq index?

Higher oil can lift inflation expectations and bond yields, which usually compresses growth stock valuations. It may also boost energy shares, shifting flows away from tech. The impact depends on rates, earnings, and positioning. We watch closes around the 200-day to judge if pressure persists or eases.

What are the key intraday levels to watch today?

Upside, watch 25,019.16 and then the Bollinger upper band at 25,340.52. On the downside, 24,546.92 is the Bollinger lower band, then the 200-day at 24,194.912. ATR is 448.69, so 400–500 point swings are normal. We prefer decisions on closing prices over mid-day moves.

Is the nasdaq index in a strong trend right now?

Not yet. ADX at 20.75 signals a weak trend. RSI is 48.63, near neutral, and MACD is below its signal, though the histogram turned positive. That mix supports range trading around key levels. A close above 25,288.46 would improve the case for a stronger uptrend.

Global Market Insights

^NDX Today, March 10: Nasdaq-100 Tests 200-Day as Oil Nears $100

ByDanny Kontos March 10, 2026March 10, 2026

The nasdaq index is testing a key line today, March 10. The Nasdaq-100 (^NDX) trades near 24,967.25, up 324.2352 points (1.3157286258660168%). It tagged an intraday high of 25,019.16 and low of 24,289.23 as crude hovers near US$100. With the 200-day moving average at 24,194.912 and the 50-day at 25,288.46, this is a live battleground. We break down levels, oil’s impact, and simple tactics for Canadian investors managing tech exposure today.