Nasdaq erases declines. Trades higher on the day

The 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 is trading back in the black after trading as low as -134.92 points or -0.99%. A new high price has just been reached at 13777.66. That is up around 83 points or 0.60%

Looking at the hourly chart above, the price is approaching its 100 hour MA at 13831.16. The 200 hour MA is at 13927.01. Recall from the last two weeks, the highs have found sellers ahead of the 200 hour MA (green line). A move above it would increase the bullish bias.

Meanwhile, the S&P and Dow remain down on the day but well off their intraday lows.

• The Dow is down -148 points or -0.44% at 33911
• S&P is down -4 points or -0.09% at 4380.