Rebound. US stocks open higher and ease some of the pair from yesterday

Technical Analysis

Author: Greg Michalowski | sp

NASDAQ leads the way

Six minutes into the new trading day, and the US stocks are higher.

The snapshot of the major indices currently shows:
  • S&P index, +8.3 points or 0.26% at 3234.22
  • NASDAQ index +46.22 points or 0.50% at 9267.50
  • Dow up 83.54 points or 0.30% at 28044
That is the good news. The not so good news is that the major indices all decline by over -3.3% in trading yesterday. 

Nevertheless, the sun came up today.  It does not mean, the storm clouds won't come back in, but for now, things are ok.

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