Technical Analysis

US shares commerce at new session highs.

Nasdaq appears to shut above its 200 day MA for the 2nd consecutive day

The US inventory indices are buying and selling on the highs for the day.  The foremost indices opened decrease however has seen a recuperate within the session.Nasdaq looks to close above its 200 day MA for the 2nd consecutive day

For the Nasdaq, the index closed above its 200 day MA on Friday, however simply barely (7472 shut vs 200 day MA at 7465.  At present, the worth dipped again under that MA (at 7467.64 at this time). The low reached 7450.27.  Nonetheless, the run greater has not taken the worth to a brand new excessive at 7407.77 (buying and selling at highs now).  There may be some room between the important thing MA and the worth.

For the S&P index, the 200 day MA is at 2745.63. The value is at present up 11.39 factors at 2786.90.   

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