The Dow industrial average is leading the way with a gain of 0.56%. The S&P index is up 0.47% and the NASDAQ index is up 0.40%.
Technically, the S&P and NASDAQ indices remain just above their rising 50 hour moving average. For the S&P index the 50 arm of which is at 5596.31. The low price today raised 5613.32.
Yesterday, the indices also held above the moving average which increases the levels importance from a technical perspective. If there is a break look for momentum.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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