Will be watching the 100 day MAs on the major indices
The US stocks are opening with gains on the open, but traders will be eyeing the 100 day MAs for bullish/bearish clues. Yesterday,the 3 major indices all closed below the key MA for the first time together since November 2016.
- The S&P index is trading up 26 points at 2608. The 100 day MA is at 2639.39
- The Nasdaq index is trading up 83 poiints at 6859. The 100 day MA is at 6859.66. We are trading right around that MA level
- The Dow is up 200 points at 24060. The 100 day MA is at 24092 today.
Watch those MA levels for buying clues.
