US indices continue their recovery from the April lows, while the Hang Seng’s huge gains have continued
Nonetheless, further gains target the 39,964 high from late March, with the 40,000 mark tantalisingly close by. A close back below the mid-April high of 38,590 might suggest that another test of recent lows could occur.Nasdaq 100 on its Way to New Highs?
Like the Dow, the index is now only a short-distance from the record highs of early March.Beyond this will see new record highs created. This is the first close above 19,000 since August. The rally shows no sign of slowing down, with weakness last week rapidly finding fresh buyers.
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