100 day MA broken at 2967.75l
The New York Stock Exchange is opening in full and investors are cheering that news gapping the S&P index above the 3000 level and its 200 day moving average at 3000.12 as well. Getting and staying above those key levels are a bullish development for the index. The NASDAQ index and Dow industrial average also sharply higher.
A snapshot of the other indices currently shows
- S&P index 3016, up 60.7 points or 2.05%
- NASDAQ index up 148 points or 1.59% at 9473.39
- Dow up 575 points or 2.35% at 25040
For the NASDAQ index, it gapped up to a high so far of 9501.212. The low from February 21 reached 9542.327. On Monday, February 24, the market gapped down and has not returned to that area since the last week. Get above the 9542.327 level and it's only a short skip and a jump to the all-time high at 9838.37.
