Major indices now lower on the day

<p>As the day works toward the close, the major US stock indices have turned into negative territory:</p><ul><li>Dow Industrial Average is down 61 points or-0.18% at 34000.61</li><li>S&amp;P index is down -9.36 points or -0.21% of 4349.01</li><li>NASDAQ index is down -22.71 points or -0.71% at 13455.90</li></ul><p>All 3 major indices or trading between their 200 day moving average below and 100 day moving average above. Each are also above their 50 day moving average.</p><ul><li>Dow industrial average has its 100 day moving average at 34268.04</li></ul><ul><li>S&amp;P index is just above its 50-day moving average at 4346.54, but below its 100 day moving average of 4403.07</li></ul><ul><li>NASDAQ index is above its 50-day moving average at 13422.12, but below its 100-day moving average at 13617.84</li></ul><p>Moving back below the 50-day moving averages would weaken the bullish bias</p>

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