Nasdaq looking to clos the week above the 200 day MA

The US stocks are extending to new session highs and trading at highest levels for the week as well.

  • The Nasdaq moved to a session high at 7526.78 and is moving further away from the 200 day MA at 7472.08 today. The index is trading at the highest level since November.
  • The S&P index moved to a new high of 2794.20. That is a new high for the week and trades at the highest level since December 3rd. The high on that day reached 2800.18. That is the next key target. The 200 day MA is back down at 2747.52.
S&P moves to new week highs
  • The Dow moved above the December high at 25980, trades above the 26000 level and trades at the highest level since November 9th.
Dow trades above 26000

The indices have come off as I type a bit, but maintain strong gains.