New highs for major indices

Technical Analysis

Author: Greg Michalowski | sp

NASDAQ index moves closer to all time high close

The major indices have reached a new session highs as Pres. Trump continues his speech in the Rose Garden. 
  • S&P index moved to a new high at 3196.64. Is currently up 81.83 points or 2.63% the 3194.14
  • NASDAQ index is up 183.42 points or 1.9% at 9799.23. The high price just extended to 9805.50
  • The Dow industrial average traded to a high of 27175.23. It is currently at 27142, up 866 points or 3.3%
The NASDAQ index is moving closer to its high close level at 9817.18. The high price for that index reached 9838.38

For the week, the Dow is up over 7% now. Having said that it is not even close to some of the gains seen in the European indices. The Spain's Ibex is up 10.55%. Italy's FTSE MIB is up 10.46%. France's CAC is up 10.10%. Overall the euro stock index is up 10.37%.

The NASDAQ index lagged behind with ONLY a 3.27% gain. However year-to-date that index is up 9.12% far outpacing any other indices in Europe or Asia (fact all other major indices are still negative on the year). 

NASDAQ index moves closer to all time high close

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