S&P moves back above its 200 day moving average

The key US indices at the moment are all optimistic with the NASDAQ main the way in which. The S&P index is up as nicely by 0.82% after opening close to unchanged.

Technically for the S&P index, it has moved again above its 200 day shifting common at the moment at 4436.50. The present value is buying and selling at 4468.34, up 36 factors or 0.82%. Transferring again and shutting again above that 200 day shifting common is extra optimistic from a technical perspective.

The NASDAQ index is main the way in which with a 274 level rise or 1.98%. The worth there may be buying and selling again above the 14000 stage at 14042. The low value final week reached 13236.56. The worth has since rebounded over 6% from that low. The NASDAQ index continues to be nicely under its 200 day shifting common at 14727.74. However, the rebound is giving patrons some further confidence on the sharp swing to the draw back could also be over.

For the Dow industrial common, it’s at the moment up 85 six factors or 0.25% at 34813. It’s approaching its 200 day shifting common at 34976.