As the stock settle in, the major US stock indexes are higher

Technical Analysis

Author: Greg Michalowski | sp

The Nasdaq is leading the way (and at new record levels).

The opening of the stocks is showing some strength but with modest gains.  Nevertheless, a nice start to the week. 

The Nasdaq is leading the way with a gain of 0.35% at 7588. Recall, the Nasdaq closed at a record level on Friday. They are at new record levels with the gains today.

The S&P is up 0.24% at 2793. On Friday, the S&P moved above its 50 day MA at 2744 currently.  The index is trading today at the highest level since February 2nd.

The Dow is up 62 points or 0.24% at 25397. The 50 day MA for it is at 25308. Get and stay above that level will be more bullish for that index. 

Good start to stocks.