Stocks open higher. Nasdaq looks to break a 5 day decline

The major US stock indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term are opening higher. The Dow and S&P are working on their 2nd day in a row to the upside. The NASDAQ index is looking to snapped a 5 day losing streak. A snapshot of the market currently shows:

• Dow industrial average +125 points or 0.4% 31782.50
• S&P index up 22.69 points or 0.57% at 3990.10
• NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index up 57.47 points or 0.50% at 11843.20
• Russell 2000 up 10.3 points or 0.57% at 1833.12

Taking a look at other markets:

• spot gold is up $13 or 0.77% at $1709.06
• spot silver is up $0.19 or 1.1% at $17.95
• WTI crude oil is moving higher and up about $2 at $88.84
• bitcoin is marginally higher $20,359

In the US debt market, yields are mostly lower

• 2 year yield 3.426%, -8.2 basis points
• 5 year 3.324%, -7.7 basis points
• 10 year 3.223%, -3.4 basis points
• 30 year 3.377%, +1.3 basis points

In the forex,

• EURUSD: The EURUSD continues to trade around their 100 hour moving average at 1.0003. The 200 hour moving average below is at 0.99834. Stay above the moving averages keeps the buyers in play. Move below and there further should be further rotation back to the downside is the bias tilts intraday in the downward direction again.
• USDJPY: The USDJPY is still higher on the day but coming off the higher levels (and highest level going back to 1998 at 140.793. The current price trades at 140.20. On the downside, a trendline on the hourly chart cuts across near 139.90 currently. Move below that level and the 38.2% retracement of the move up from the low on Tuesday cuts across at 139.743. The 100 hour moving average is down below at 139.12

GBPUSD: The GBPUSD trades to a new low in the currently hourly bar after ticking to a new high after the jobs report. The high reached 1.15875. The low price just reached 1.15254. The current price iss trading at 1.1548 in up and down trading.