The S&P index is moving closer to its all-time high close. That level comes in at 4739.72. The high price just reached 4733.19.
The price closed last week at 4620.65. On Monday the index gap lower reaching a low price of 4531.10 before starting a three day rally that has seen the index move up some 165 points or 3.62% from the close on Monday.
The S&P index is now up 2.44% from the close last Friday.
For the NASDAQ index it is still some 3.4% off its all-time high of 16182.63. However from a technical perspective, the price has extended above its 50 day moving average today at 15513.67. On Tuesday, a move back above its 100 day moving average at 15190.94. The price is working on its third day in a row higher. From the Monday close, the price is up 4.53%. From the low on Monday the price is risen 5.38%.
For the year, the gains are impressive:
- Dow industrial average +17.6%
- S&P index up 26%
- NASDAQ index up 21.4%
