Technical Analysis

Stocks trading at the highs for the day

Major indices well off lows

The major US indices have broken higher and are now trading at session highs. 

For the Nasdaq the index, the price just extended back above its 50 hour MA (white MA line) at 8108.19. The high just reached 8115.55.  The low was down at 7981.85. The pair is also back above its 100 hour MA at 8074.249. That is a risk level for the index.  

For the S&P, the price is back above its 100 hour MA )blue line in the chart below) at 2924.24. The 50 hour MA is up at 2934.13 (white line below) .  The break above the 100 hour MA, is leading to more upside momentum.

The S&P indesx is back above its 100 hour MA


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