Major indices open higher. New record highs for the NASDAQ

Technical Analysis

Author: Greg Michalowski | sp

The major indices come off the highs from premarket levels

The major indices are opening higher with the NASDAQ trading to a new record high. However, the indices have come off premarket levels.   The Dow was up around 380 points in pre-New York trading the NASDAQ was up near 80 points.  They are both well off those levels  - but still higher.

The snapshot of the market currently shows:
  • S&P index up 23.49 points or 0.75% at 3141.35
  • NASDAQ index is up 58.65 points or 0.58% 10115.12
  • Dow industrial average is up 233.55 points or 0.90% at 26258.53
in the US debt market, yields are now trading mixed:
  • 2 year 0.187%, -0.4 basis points
  • 5 year 0.3347%, -014 basis points
  • 10 year 0.725%, +1.6 basis points
  • 30 year 1.493%, +2.9 basis points
Gold is trading higher and jumped to its highest level since October 2012. The current prices up $10.10 or 0.58% $1764.70. The high price extended to $1767.29.

WTI crude oil futures are higher but off there highest levels for the day the July contract is up $0.30 or 0.74% at $41.03. The high price reached $41.63. The August contract is currently up $0.32 or 0.78% of $41.17. It's high price reached $41.74.

The US dollar as moved to the downside is now the weakest currency of the majors.

The US dollar is the weakest currency

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