S&P runs away from 100D MA. Bullish. Nasdaq tests 100D MA and backs off. Resistance holds

  
Analysis, US Market

The major US  indices IndicesStock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important i…Read this Term are closing higher led by the Nasdaq and Russell 2000 and flow of funds head into risk.

  • Apple is up for the 11th consecutive day
  • S&P closes above it’s 100 day MA for the 2nd consecutive day
  • Dow closes above its 100 day MA for the 1st time since February 9th. 100 day MA is at 35090.27
  • Nasdaq index moved up and tested the 100 day MA at 14646.86 level but found sellers on the first look.
  • Real estate +2.9%, Technology +2.1% and Communication +1.7% were the largest gaining sectors today
  • Energy -0.3%, Financials +0.2% and Health Care +0.6% were the largest lagging sectors today

The final numbers are showing:

  • Dow industrial average up 338.30 points or 0.97% at 35294.18
  • S&P index up 56.10 points or 1.23% at 4631.61
  • NASDAQ index up 264.74 points or 1.84% at 14619.65
  • Russell 2000 up 55.03 points or 2.65% at 2133.09
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