New highs for US stocks. The Nasdaq continues to lead

The major US stock indices are trading to new session highs with the NASDAQ index leading the way with a gain of 1.5%:

• Dow industrial average up 300 points or 0.90% at 33637.34
• S&P up 49.28 points or 1.17% at 4256.50
• NASDAQ index up 188.46 points or 1.48% at 12969
• Russell 2000 up 31.11 points or 1.58% the 2006.37

The intraday high from yesterday's trade in the NASDAQ index reached 13026.24. The high price today has reached 12974.60 so far. A move above that high would have traders targeting 13086 – 13199 area (swing area). Above that the 50% retracement of the move down from the November 2021 high cuts across at 13388.68. It's 200 day moving average is up at 13509.17.

See also:

Nasdaq technical analysis: Must see key levels

Tags: 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