{"id":190703,"date":"2023-05-19T11:54:06","date_gmt":"2023-05-19T15:54:06","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=190703"},"modified":"2024-01-24T12:13:40","modified_gmt":"2024-01-24T17:13:40","slug":"chart-advisor-new-highs-for-nasdaq","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-new-highs-for-nasdaq\/","title":{"rendered":"Chart Advisor: New Highs for Nasdaq"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/www.investopedia.com\/contributors\/54841\/?utm_source=chart-advisor&amp;utm_campaign=fwd_chartadvisor&amp;utm_term=27774019&amp;utm_medium=email\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>By&nbsp;<\/strong><\/a><strong><a href=\"https:\/\/www.investopedia.com\/contributors\/54841\/?utm_source=chart-advisor&amp;utm_campaign=fwd_chartadvisor&amp;utm_term=27774019&amp;utm_medium=email\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>J.C. Parets<\/strong><\/a>&nbsp;&amp;&nbsp;<a href=\"https:\/\/get.allstarcharts.com\/?utm_source=chart-advisor&amp;utm_campaign=fwd_chartadvisor&amp;utm_term=27774019&amp;utm_medium=email\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>All Star Charts<\/strong><\/a><\/strong><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-thursday-18th-may-2023\">Thursday, 18th May, 2023<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1\/ New Highs for Nasdaq<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>2\/ A Euro Dip Could Spell Trouble for Risk Assets<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>3\/ Japan Stocks Set New Highs<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>4\/ Gold Slices Through Former Support<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Investopedia is partnering with All Star Charts on this newsletter, which both sells its research to investors, and may trade or hold positions in securities mentioned herein. The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-new-highs-for-nasdaq\">1\/ <strong>New Highs for Nasdaq<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Nasdaq 100 (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=qqq&amp;hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">QQQ<\/a>) is cruising higher this week as tech and&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/g\/growthstock.asp?hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">growth stocks<\/a>&nbsp;continue to dominate the overall market from a leadership perspective.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When we look for confirming evidence for these new highs, the base&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/b\/breakout.asp?hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">breakouts<\/a>&nbsp;in technology and communications sector indexes are top of mind. However, the relative trends are also very much in favor of technology these days.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here is the Russell 1000 large-cap growth vs. value ratio overlaid with the Nasdaq 100:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/1-14-1100x537.png\" alt=\"\" class=\"wp-image-190704 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/537;\" \/><figcaption class=\"wp-element-caption\"><strong>Source: All Star Charts, with data provided by Optuma<\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Confirmation can come in the form of peer indexes agreeing with price action, overbought momentum readings,&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/r\/relativestrength.asp\" target=\"_blank\" rel=\"noreferrer noopener\">relative str<\/a><a href=\"https:\/\/www.investopedia.com\/terms\/r\/relativestrength.asp?hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">e<\/a><a href=\"https:\/\/www.investopedia.com\/terms\/r\/relativestrength.asp\" target=\"_blank\" rel=\"noreferrer noopener\">ngth<\/a>&nbsp;trends, and more. And while the ideal situation would be all of these things in place at once, that just isn\u2019t reality.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Even so, there are few things more bullish than seeing an asset make new highs relative to its peers as it makes new highs on an absolute basis. That\u2019s exactly what we\u2019re seeing from growth stocks right now.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To illustrate this, we\u2019ve included a&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/c\/correlationcoefficient.asp?hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">correlation coefficient<\/a>&nbsp;between the growth vs. value ratio and the Nasdaq in the lower pane. This relationship is strong throughout history, and we expect it to remain that way. As long as these new highs in growth vs. value are here to stay, the base breakouts in the Nasdaq and other growth indexes will likely be valid resolutions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-a-euro-dip-could-spell-trouble-for-risk-assets\">2\/ <strong>A Euro Dip Could Spell Trouble for Risk Assets<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The euro continues to slide.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Last week, we turned to the&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/forex\/e\/eur-usd-euro-us-dollar-currency-pair.asp?hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">EUR\/USD pair<\/a>&nbsp;for insight as King Dollar caught a bid against a backdrop of broad selling pressure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The key polarity zone at the 1.08 level held our focus. If the euro were to lose that level, we imagined that further downside pressure lay in store for&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/r\/risk-asset.asp?hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">risk assets<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A week later, the EUR\/USD is crossing our line in the sand:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/2-14-1100x561.png\" alt=\"\" class=\"wp-image-190706 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/561;\" \/><figcaption class=\"wp-element-caption\"><strong>Source: All Star Charts, with data provided by Optuma<\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The bearish divergence on the 14-day&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/r\/rsi.asp?hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">relative strength index (RSI)<\/a>&nbsp;proved prescient despite the bullish momentum regime. We\u2019re now monitoring a potential oversold reading of less than 30, which would indicate that bears have resumed control.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the bears take control of this market, the&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/u\/usdx.asp?hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">U.S. Dollar Index<\/a>&nbsp;(<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=dxy&amp;hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">DXY<\/a>) is likely to print fresh six-month highs above 105. This would come at a cost to global risk assets and precious metals, as selling pressure would likely inundate the market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-japan-stocks-set-new-highs\">3\/ <strong>Japan Stocks Set New Highs<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Since international equities bottomed out last year, they have been rising and resolving higher from&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/a\/accumulation-area.asp?hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">accumulation patterns<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The chart below shows the MSCI Japan ETF (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=ewj&amp;hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">EWJ<\/a>) completing a one-year reversal formation and rallying to new 52-week highs:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"546\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/3-14-1100x546.png\" alt=\"\" class=\"wp-image-190707 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/3-14-1100x546.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/3-14-700x347.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/3-14-300x149.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/3-14-768x381.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/3-14-1536x762.png 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/3-14.png 1878w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/546;\" \/><figcaption class=\"wp-element-caption\"><strong>Source: All Star Charts, with data provided by Optuma<\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Not only is&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/m\/momentum.asp?hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">momentum<\/a>&nbsp;in a bullish regime, adding conviction to the recent breakout, but the 200-day&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/m\/movingaverage.asp?hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">moving average<\/a>&nbsp;is curling higher, indicating that the trend could be shifting in favor of the bulls.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Seeing stocks in Japan and other countries set new highs is yet another piece of evidence suggesting that the global equity landscape remains strong.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-4-gold-slices-through-former-support\">4\/ <strong>Gold Slices Through Former Support<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">First silver \u2026 now gold!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Last week, gold\u2019s crazy cousin undercut a key polarity zone and potential&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/s\/support.asp?hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">support level<\/a>, increasing downside risks. Less than a week later,&nbsp;<a href=\"https:\/\/www.investopedia.com\/articles\/optioninvestor\/06\/goldsilverfutures.asp?hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">gold futures<\/a>&nbsp;are sliding below a similar level marked by the April pivot lows and January pivot highs:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/4-14-1100x561.png\" alt=\"\" class=\"wp-image-190708 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/561;\" \/><figcaption class=\"wp-element-caption\"><strong>Source: All Star Charts, with data provided by Optuma<\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Sellers have come for precious metals, like much of the market. And considering these metals have been one of the few bright spots among&nbsp;<a href=\"https:\/\/www.investopedia.com\/terms\/c\/commodity.asp?hid=aa5e4598e1d4db2992003957762d3fdd7abefec8&amp;did=9176958-20230518&amp;utm_campaign=chart-advisor_newsletter&amp;utm_source=investopedia&amp;utm_medium=email&amp;utm_content=051823\" target=\"_blank\" rel=\"noreferrer noopener\">commodity<\/a>&nbsp;contracts, commodity indexes could be the next domino to fall.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the flip side, gold and other precious metals could post a bullish reversal if rates finally begin to roll over.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8212;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Originally posted 18th May 2023<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nasdaq 100 (QQQ) is cruising higher this week as tech and\u00a0growth stocks\u00a0continue to dominate the overall market from a leadership perspective.<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[4,21,14,16,17,18,6,8,9,22,23,26,3],"tags":[1779,191,1941,2782,445,186],"contributors-categories":[13686],"class_list":["post-190703","post","type-post","status-publish","format-standard","category-asia","category-commodities","category-etfs","category-forex","category-futures","category-macro","category-north-america","category-region","category-securities","category-stocks","category-technical-analysis","category-text-articles","category-traders-insight","tag-dxy","tag-eur","tag-ewj","tag-qqq","tag-rsi","tag-usd","contributors-categories-investopedia"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chart Advisor: New Highs for Nasdaq | Traders&#039; Insight<\/title>\n<meta name=\"description\" content=\"The Nasdaq 100 (QQQ) is cruising higher this week as tech and\u00a0growth stocks\u00a0continue to dominate the overall market from a leadership perspective.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/190703\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart Advisor: New Highs for Nasdaq | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"The Nasdaq 100 (QQQ) is cruising higher this week as tech and\u00a0growth stocks\u00a0continue to dominate the overall market from a leadership perspective.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-new-highs-for-nasdaq\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-19T15:54:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-24T17:13:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/1-14-1100x537.png\" \/>\n<meta name=\"author\" content=\"Contributor Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contributor Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-new-highs-for-nasdaq\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-new-highs-for-nasdaq\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Contributor Author\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\"\n\t            },\n\t            \"headline\": \"Chart Advisor: New Highs for Nasdaq\",\n\t            \"datePublished\": \"2023-05-19T15:54:06+00:00\",\n\t            \"dateModified\": \"2024-01-24T17:13:40+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-new-highs-for-nasdaq\\\/\"\n\t            },\n\t            \"wordCount\": 747,\n\t            \"commentCount\": 0,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-new-highs-for-nasdaq\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/05\\\/1-14-1100x537.png\",\n\t            \"keywords\": [\n\t                \"DXY\",\n\t                \"EUR\",\n\t                \"EWJ\",\n\t                \"QQQ\",\n\t                \"rsi\",\n\t                \"USD\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"Asia Pacific\",\n\t                \"Commodities\",\n\t                \"ETFs\",\n\t                \"Forex\",\n\t                \"Futures\",\n\t                \"Macro\",\n\t                \"North America\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Stocks\",\n\t                \"Technical Analysis\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-new-highs-for-nasdaq\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-new-highs-for-nasdaq\\\/\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-new-highs-for-nasdaq\\\/\",\n\t            \"name\": \"Chart Advisor: New Highs for Nasdaq | IBKR Campus US\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-new-highs-for-nasdaq\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-new-highs-for-nasdaq\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/05\\\/1-14-1100x537.png\",\n\t            \"datePublished\": \"2023-05-19T15:54:06+00:00\",\n\t            \"dateModified\": \"2024-01-24T17:13:40+00:00\",\n\t            \"description\": \"The Nasdaq 100 (QQQ) is cruising higher this week as tech and\u00a0growth stocks\u00a0continue to dominate the overall market from a leadership perspective.\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-new-highs-for-nasdaq\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/chart-advisor-new-highs-for-nasdaq\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/05\\\/1-14-1100x537.png\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.ibkrcampusdev.wpengine.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/05\\\/1-14-1100x537.png\"\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\",\n\t            \"name\": \"Contributor Author\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/contributor-author\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chart Advisor: New Highs for Nasdaq | Traders' Insight","description":"The Nasdaq 100 (QQQ) is cruising higher this week as tech and\u00a0growth stocks\u00a0continue to dominate the overall market from a leadership perspective.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/190703\/","og_locale":"en_US","og_type":"article","og_title":"Chart Advisor: New Highs for Nasdaq | IBKR Campus US","og_description":"The Nasdaq 100 (QQQ) is cruising higher this week as tech and\u00a0growth stocks\u00a0continue to dominate the overall market from a leadership perspective.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-new-highs-for-nasdaq\/","og_site_name":"IBKR Campus US","article_published_time":"2023-05-19T15:54:06+00:00","article_modified_time":"2024-01-24T17:13:40+00:00","og_image":[{"url":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/1-14-1100x537.png","type":"","width":"","height":""}],"author":"Contributor Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Contributor Author","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-new-highs-for-nasdaq\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-new-highs-for-nasdaq\/"},"author":{"name":"Contributor Author","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485"},"headline":"Chart Advisor: New Highs for Nasdaq","datePublished":"2023-05-19T15:54:06+00:00","dateModified":"2024-01-24T17:13:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-new-highs-for-nasdaq\/"},"wordCount":747,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-new-highs-for-nasdaq\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/1-14-1100x537.png","keywords":["DXY","EUR","EWJ","QQQ","rsi","USD"],"articleSection":["Asia Pacific","Commodities","ETFs","Forex","Futures","Macro","North America","Region","Securities","Stocks","Technical Analysis","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-new-highs-for-nasdaq\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-new-highs-for-nasdaq\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-new-highs-for-nasdaq\/","name":"Chart Advisor: New Highs for Nasdaq | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-new-highs-for-nasdaq\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-new-highs-for-nasdaq\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/1-14-1100x537.png","datePublished":"2023-05-19T15:54:06+00:00","dateModified":"2024-01-24T17:13:40+00:00","description":"The Nasdaq 100 (QQQ) is cruising higher this week as tech and\u00a0growth stocks\u00a0continue to dominate the overall market from a leadership perspective.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-new-highs-for-nasdaq\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/chart-advisor-new-highs-for-nasdaq\/#primaryimage","url":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/1-14-1100x537.png","contentUrl":"https:\/\/www.ibkrcampusdev.wpengine.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/1-14-1100x537.png"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485","name":"Contributor Author","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/contributor-author\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/190703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=190703"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/190703\/revisions"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=190703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=190703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=190703"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=190703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}