Major US indices move into positive territory

Some late day buying is pushing the major indices to new highs for the day. They are also moving into positive territory.

A snapshot of the market currently shows:

• Dow industrial average up 119 points or 0.37% at 32223.86
• S&P index of 20.29 points or 0.51% at 3969
• NASDAQ index up 34.49 points or 0.29% at 11821.40

The S&P index has moved back above its 100 hour moving average currently at 3944.60. It's a 200 hour moving average looms up above at 3988.32.

Looking at the NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index, the low price today stalled against the low price from Wednesday's trade. On Monday, the price traded above and below the 200 hour moving average Moving average A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot Read this Term to start the day, but closed above that level and remained above both the 100 and 200 hour moving averages at 11569.42 and 11600.91. It would take a move below both next week to increase the bearish bias. Until then the buyers are more in control.