S&P and NASDAQ trades to new session highs

Both the S&P index and NASDAQ index are trading to new session highs. In the process, they are also breaking above their 100 hour moving averages.

Looking at the S&P index, the 100 hour moving average comes in at 4045.94. The 38.2% retracement comes in at 4054.27. Both are being broken with the index currently trading at 4067.23, up 61 points or 1.53%.

Looking at 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, it too has extended above its 100 hour moving average at 12065.22, but remains just short of its 38.2% retracement 12124.56. The current price trades at 12110.58 with a high price of 12114.48.