Nasdaq up over 520 points. S&P above its 100 hour MA

The NASDAQ index is up over 520 points. The price is currently up 520 points or 3.04% at 17667. The NASDAQ is above its 50-hour moving average and also stretching above the 38.2% retracement of the last move lower at 17647.85. On the topside, the 100-hour moving average and 50% retracement are near 17840.

Meanwhile, the S&P index is back above its 100-hour moving average at 5537.90.

After the close, after the close some of the earnings:

• Arm (ARM)
• Qualcomm (QCOM)
• Carvana (CVNA)
• Lam Research (LRCX)
• Western Digital (WDC)

This article was written by Greg Michalowski at www.forexlive.com.