US stocks open higher but early gains retraced a bit.

Technical Analysis

Author: Greg Michalowski | sp

Bank earnings beat but prices fall 

The US stocks opened higher. Bank earnings for JPM and Citigroup beat but the prices are still lower in early trading now.  JPM is down -0.17%. Citi is flat after pre-market gains.

  • The S&P is still up 12.7 points or 0.5% at 2676. The high reached 2680
  • The Nasdaq is up 34 points at 7173. The high reached 7183
  • The Dow is up 102 points at 24587. The high reached 24646
For the SPX, the index is getting closer to the 50 day MA at 2690.34 and the 100 day MA at 2698.51.  Be aware...