(DAILY NOTION): NAS100 Gained 43.6% in 2020, How is 2021 Looking for NAS100, SPX 500, US30? Next Mover: U.S. Georgia Runoff Elections, U.S. Data

NASDAQ 100 (as of Jan 4, 2021 at 2.15 p.m.)

Source: Yahoo Finance

SPX 500 (as of Jan 4, 2021 at 2.15 p.m.)

Source: Yahoo Finance

US30 (as of Jan 4, 2021 at 2.15 p.m.)

Source: Yahoo Finance

As the year drew to a close, both the SPX500 and US30 closed at record highs. Overall, the SPX500 wrapped the year with a 16.3% gain while the US30 closed the year with a 7.3% increase. However, it was the NAS100 that stole the limelight with a 43.6% gain in 2020. This marks the biggest one-year gain since 2009. The incredible gain was due to technology stocks popularity among investors and traders during the pandemic.

However, both the SPX500 and US30 futures were lower by 0.2% while the NAS100 futures were down by 0.4%.

As the first week of a brand-new year starts, all eyes would be on the U.S. Georgia Runoff Elections. This is a key event as the results would determine the majority party of the U.S. Senate.

There are also several important data releases due this week such as the nonfarm payroll. The forecast is only projecting a 100,000 increase. The initial jobless claims came in at 787,000 last week, against a forecast of 835,000. The Federal Reserve is also scheduled to release its December meeting minutes this week, which could give a glimpse on their policy guidance and asset-buying plans for this year.

FOLLOWME User Sentiment (as of Jan 4, 2021 at 2.15 p.m.)

SPX500

Short – 78.10%

Long – 21.90%

NAS100

Short – 76.53%

Long – 23.47%

US30

Short – 76.23%

Long – 23.77%