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.
