US stocks extending gains. JOLTed to new session highs.

Technical Analysis

Author: Greg Michalowski | sp

S&P and Nasdaq crack above 200 day MAs

The US stocks are extending their gains as better JOLTs data and earnings have giving the indices their own little jolts.

For the S&P, the price is up 33 points or 1.21% at 2785. It has moved above and away from its 200 day MA at 2767.05.


For the Nasdaq, it is currently up 111 points or 1.5% at 7542. It has also moved above and away from its 200 day MA at 7508.93. 


The moves take more of the bearish sting out of the market after 4 days of sitting on a bearish/bullish fence for those indices (around the 200 day MA). 
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