The NASDAQ index is up over 520 points. The price is currently up 520 points or 3.04% at 17667. The NASDAQ is above its 50-hour moving average and also stretching above the 38.2% retracement of the last move lower at 17647.85. On the topside, the 100-hour moving average and 50% retracement are near 17840.
Meanwhile, the S&P index is back above its 100-hour moving average at 5537.90.
After the close, after the close some of the earnings:
- Arm (ARM)
- Qualcomm (QCOM)
- Carvana (CVNA)
- Lam Research (LRCX)
- Western Digital (WDC)
This article was written by Greg Michalowski at www.forexlive.com. Source