US stocks traded higher but off premarket levels

The major US indices are higher in early trading after yesterday's declines which saw the major indices declined by -1.5%.

For the month of March despite the declines over the last couple days into month end, the major indices still had solid gains after two months of declines to start the year:

• Dow industrial average rose 3.16%
• S&P index rose 4.86%
• NASDAQ index rose 6.81%

Year to date, the major indices were still lower:

• Dow industrial average -4.57%
• S&P index -4.76%
• 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 -9.1%

A snapshot of the market currently shows:

• Dow industrial average up 70.67 points or zero point to 0% at 34749.03
• S&P index up 9.92 points or 0.22% at 4540.34
• NASDAQ index up 45.49 points or 0.32% at 14266.01

All those levels were higher at the start of the North American session with levels as NA traders entering at:

• Dow industrial average is up 206 points
• S&P index up 26 points
• NASDAQ index is up 108 points

Technically

• Dow industrial average is back below its 100 and 200 day moving averages between 34996 (200 day moving average) and 35048 (100 day moving average).

• S&P index is trading above and below its 100 day moving average at 4541.79. The low price today reached 4539.94. The high prices at 4548.70. Key barometer for that index going into the week end.

• NASDAQ index on Tuesday and Wednesday tested its falling 100 day moving average, but found willing sellers ahead of the level. The move 100 day moving average is currently at 14599.01. With the price at 14266.01, it remains safely below that key technical level.