And their off! . Stocks open higher and at new records ...Middle East

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On the hourly NASDAQ chart, a rising topside trendline near 21,935 (and climbing) could act as the next upside marker—or a potential level for sellers to lean against. Until that level, there is no real resistance technically.

A sustained break below all of these would be needed to shift control toward sellers and build a stronger bearish bias. Absent that in the buyers are in full control.

Dow industrial average +278 points or 0.63% at 44738.S&P index up 27.92 points or 0.43% at 6473.39.NASDAQ index up 101 points or 0.46% at 21782.

The small-cap Russell 2000 is trading up 15.69 points or 0.69% at 2298.27. Yesterday the Russell 2000 rose 2.99%.

This article was written by Greg Michalowski at investinglive.com.

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