The Nasdaq index has now erased its -127 point decline and trades positive on the day. The index is currently up 12.74 points or 0.09% at 14857. The rise puts the price closer to its 100-hour moving average at 14876.83. A break above the 100-hour moving average would be a positive tilt. Recall from Tuesday, January 2, the price gapped lower from end-of-year levels and quickly moved below its 100 hour moving average in the process. Getting above that level would have traders focusing on filling the gap from the end-of-year closing level at 15011.34.The S&P index and Dow Industrial Average remain in negative territory but having erased bigger declines.S&P index is down -6.44 points or -0.14% a
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