The Nasdaq index gapped lower in early trading and in doing so, fell below the 200-hour MA for the first time since November 1. That MA comes in at 14589.39. The current price is now trading at 14628.80 up 37 points or 0.26% and is trading back above that key moving average. The gain, though modest, is better than the 1.63% decline on the first day of the trading year and the 1.18% decline on the second day. Getting above the 200-day moving average may also give dip buyers some short-term confidence on the technical break. There still is work to do to get out of the short-term darkness, however. Recall that in trading on Tuesday, the price level opened and moved below its 100-hour moving a
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