Dow Jones Rebounds, But of the Daily High

Wall Street indices rebound today with the Dow Jones adding 0.40% at 25,731.36. The Nasdaq currently is trading 0.51% higher at 7,791, while the S&P 500 trading 0.37% higher at 2,857.55 as tr5ade war tensions ease. United States Durable Goods Orders came in at 2.1% topping forecasts of 1.1% in July. The United States Dallas Fed Manufacturing Business Index came in at 2.7, beating expectations of -3 in August.

The CBOE Volatility Index or fear index is adding 5.79% at 21.02 just to confirm the nervous market mood.

Dow Jones getting a boost from Apple +1.81%, Walt Disney +1.53% Goldman Sachs+1.49% and Nike +1.17 with all the Dow Jones components in positive territory.

Dow Jones continues higher today after successfully tested the 200 day moving average last Friday.  Dow Jones is now trading outside and below the ascending trendline.  On the upside immediate resistance is at 25,941 today’s high and then at 26,300 the 100 day moving average. On the downside Dow Jones first support stands at 25,716 today’s low and then at 25,617 the 200 day moving average.

The European Indices trading mixed today, the DAX 30 is 0.03 percent lower at 11,608 while CAC 40 in Paris trades 0.04 per cent higher at 5,329.

Dow Jones Rebounds, But of the Daily High
Dow Jones Rebounds, But of the Daily High