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US stocks trading at highs for the day

The major US stock indices are trading near the highs for the day. The gains are led by the NASDAQ index which is now up over 200 points or 1.84%. The SP index is up 1.25% and the Dow industrial average is up 0.95%.Looking at the hourly chart of the NASDAQ index, the price gapped higher. That gap took the price above the 200 hour moving average (green line) near the open, and has now moved back above its 100 hour moving average at 12051.35. Staying above that level would have traders pushing to... Read More

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Posted: Apr 27 2023, 16:36

Author Name: forexlive

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