Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

​Nikkei 225, Dow and NASDAQ 100 await NVIDIA results​

​​​Nikkei 225, Dow and NASDAQ 100 await NVIDIA results​ which are likely to have a significant impact on global stock indices on Wednesday.​

Indices Source: Adobe images

​​​Nikkei 225 stays range bound

​The Nikkei 225 index has been trading sideways around the 200-day simple moving average (SMA) at 38,402, but below the 55-day SMA at 38,525 over the past couple of weeks. If the index can move above both moving averages, the next target would be the late July high at 39,281.

​A break below Monday's low at 37,817 would engage the previous Monday’s low at 37,163 and may lead to a retest of the 36,000 level.

​As long as the 19 August low at 37,163 low holds, the near-term bullish outlook remains intact.

Nikkei 225 chart Source: IT-Finance.com
Nikkei 225 chart Source: IT-Finance.com

​Dow Jones Industrial Average trades near record high

​The Dow Jones rally is awaiting NVIDIA earnings on Wednesday.

​A rise above Monday’s 41,428 record high would engage the 41,500 region whereas a fall through Tuesday’s 41,091 low would likely lead to the 20 August high at 40,958 being revisited.

​The medium-term uptrend remains intact as long as Thursday’s 40,812 low holds.

Dow Jones chart Source: IT-Finance.com
Dow Jones chart Source: IT-Finance.com

​NASDAQ 100 awaits NVIDIA results

​The NASDAQ 100 continues to trade around the 55-day moving average at 19,550, having last week come off its 19,938 one-month high. This needs to be bettered, for the June high at 20,006 to be reached.

​Since the stellar 166% NVIDIA year-to-date (YTD) share price rise has been responsible for over a third of the NASDAQ 100’s gain this year, its earnings out on Wednesday after-hours are expected to have a major impact on the indices’ near-term trend. 

​A fall through Tuesday’s low at 19,374 could trigger a more significant correction towards the 23 May high at 18,949.

NASDAQ 100 chart Source: IT-Finance.com
NASDAQ 100 chart Source: IT-Finance.com

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Seize your opportunity

Deal on the world’s stock indices today.

  • Trade on rising or falling markets
  • Get one-point spreads on the FTSE 100
  • Unrivalled 24-hour pricing
Find out more

See opportunity on an index?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off
Log in now

See opportunity on an index?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Get spreads from one point on the FTSE 100
  • Trade more 24-hour indices than any other provider
  • Analyse and deal seamlessly on smart, fast charts
Log in now

See opportunity on an index?

Don’t miss your chance. Log in to take your position.

Take advantage

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

<h3>How much does trading cost?</h3>
<h3>Find out about IG</h3>
<h3>Plan your trading</h3>

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.