The major stock indices are mixed with the NASDAQ and S&P lower. The small-cap Russell 2000 and Dow industrial average are trading higher. A snapshot of the market currently shows:
Dow industrial average was 40.07 points or 0.09%. S&P index -22.79 points or -0.38%NASDAQ index -172 points or -0.90%Russell 2000+ 4.47 points or +0.18%
the NASDAQ index has move below its 100 hour moving average. That is nothing new going back to November 14. Nevertheless it is a tilt to the downside.
The 200 hour moving average has been acting as a support point level (green line on the chart below). That moving average currently comes in at 18788.53. The NASDAQ index is currently trading at 18990.
This article was written by Greg Michalowski at www.forexlive.com.
