S&P gaps above the 100 hour MA on the opening
The US stocks are opening hiigher.
The snapshot of the major indices are showing:
- the S&P indexes up 23.73 points or 0.84% at 2822.08
- The NASDAQ is up 72 points or 0.94% at 7708.5
- The Dow is up 215 points or 0.85% 25731
A good start for the major indices (and moving higher).
Looking at the hourly chart of the S&P, the index is approaching the 50 hour moving average at 2825.34. The index gapped above it's 100 hour moving average at 2802.02 on the opening. A move above the 50 hour moving average is next target.
Shares of Apple are up 1.3% wiping out the losses from yesterday.
