Stocks giving back gains. Nasdaq remains bearish technically in the short/medium term. ...Middle East

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Stocks giving back gains. Nasdaq remains bearish technically in the short/medium term.
The major stock indices are giving up their gains. Dow is now down -82 points or -0.22% at 37357. The high saw the indes up 183.27 pointsS&P is up 1.29 points or 0.03% at 4689.80. At session high, the index was up 32.80 pointsNasdaq is up 13.6 points or 0.09% at 14524.44. At session high, the index was up 114.89.What is nearly certain is the 9 week gains for the major indices will be snapped today. Dow is down -0.91%S&P is down -1.68%Nasdaq is down -3.27%The Nasdaq index corrected higher and technically moved above the 200-hour MA at 14603.25. That break was short lived, and the price is now comfortably below that MA level at 14524. This article was written by Greg Michalow

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