Dow Industrial Average trades above its 100 hour moving average

With the market heading to the close, the Dow Industrial Average is looking to close above its 100 hour moving average at 33934.11. A close above that level would be more bullish in the short term.

On Friday, the price moved lower and closed near the 200 hour moving average (green line in the chart above). The open today above them moving average do the buyers the go-ahead to push higher. The price - prior to Friday - last traded below the 200 hour moving average back on October 17.

Leading the Dow 30 today are Boeing, Caterpillar, Visa, Microsoft, and Nike.

/Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term