Technical Analysis

Spot gold holds above the 100 day MA yesterda Yesterday, the price of spot gold moved to a low price of $1848.80. That was just above the 100 day MA (blue line) at $1847.36.  The holding of the MA line gave buyers the go ahead to step in and today we are seeing a rotation
Nasdaq leads the way The major indices closed higher across the board with the NASDAQ ending up leading the way.  The S&P and NASDAQ have now posted 3 days of higher closes.  All 11 sectors of the S&P closed higher.  The energy and financials led the rally today.   The Dow post the best day cents September 9 The final numbers are showing:
Major indices reaching for new highs  NASDAQ index up 161 points at 10941.29. The high price just reached 10946.41. The 50 hour moving average is currently at 10943.01. S&P index up 31.26 points or 0.95% to 3312.53. It’s high price just reached 3314.42.  Dow industrial average is now up 134 points or 0.49% at 27280.
Nasdaq near highs The Dow is back positive on the day. The index trades up 44 points or 0.16% at 27193. That is still off the high price of 27286.82 The Nasdaq continues to lead the way with gains of 95 points or 0.88% 10874.20.  It remains just below its high price at 10879.17.  The S&P index is up