NASDAQ 100 Index ($NDX): The NASDAQ 100 Index tracks the 100 largest stocks listed by the Nasdaq Composite Index. It is the most widely traded Exchange Traded Fund (ETF) in the world, with 91 million shares moving each day.
NASDAQ Composite Index ($COMPQ): The NASDAQ Composite Index is a market cap-weighted index of over 5000 stocks. Since it is weighted by market cap, large companies like Intel, Microsoft, WorldCom, Sun Microsystems, Dell Computer and Oracle dominate the index. With such large portion of the index dominated by technology stocks, the NASDAQ Composite is more a barometer for the technology sector than the broader market. The name “NASDAQ” is derived from the National Association of Securities Dealers Automated Quotation (System).
Negative Reversal: Occurs when the RSI forms a higher high and the stock’s price action forms a lower high.
Net Asset Value (NAV): The dollar value of a single share of a mutual fund, based on the value of the underlying assets of the ((fund – liabilities) / the number of shares outstanding.) Total is calculated at the end of each business day.
Net New Highs: Breadth indicators that are used to identify strength or weakness behind moves within the market. Net new highs are found by taking the (number of new highs – number of new lows) and are usually calculated for the Amex, Nasdaq, and NYSE.
New Highs and New Lows: New highs are the number of stocks recording new 52-week highs. New lows are the number of stocks recording new 52 week lows. As an indicator, new highs and new lows are typically shown as moving averages to smooth the results and are often plotted together for easy comparison.
NYSE Composite Index ($NYA): An index that measures the market value of all common stocks listed on the NYSE, adjusted to account for newly added stocks, capitalization changes, and newly removed stocks.