Chart of the Day - Tuesday, March 4, 2025

March 4, 2025
Patrick Dunuwila

Chart of the Day

🏆 Today's Chart of the Day was shared by Charlie Bilello (@charliebilello). 
 

  • The Nasdaq 100 ($NDX) filled its post-election gap and successfully tested its 200-day moving average today for the first time since August 5th.
     
  • $NDX hasn't officially broken its 200-DMA since March 2023. At that point, the index was still -28.6% off its 2021 peak. In other words, this entire bull market has taken place above a 200-DMA. 
     
  • It's been 496 days since $NDX breached its 200-DMA on a closing basis. Charlie points out this is the second-longest streak in history. The longest one lasted 572 days between 2016 and 2018.
     

The Takeaway: The Nasdaq 100 tested its 200-day moving average for the first time in six months today. However, it hasn't closed below this long-term moving average in nearly two years. 

Filed Under: