Stock market trading trends: NASDAQ and S&P on winning streaks, Dow snaps win streak

<p>The major US stock indices are trading above and below unchanged in early US trading. Winning streaks are still in play for the NASDAQ and the S&amp;P index. The NASDAQ index has been up for 9 consecutive days while the S&amp;P index has been up for 8 consecutive days. Yesterday the Dow Industrial Average snapped its seven-day win streak with a modest decline.</p><p>A snapshot of the market 8 minutes into the open is showing</p><ul><li>Dow Industrial Average average is trading down -8.97 points or -0.03% at 34103.31</li><li>S&amp;P index down -0.56 points or -0.01% at 4382.23</li><li>NASDAQ index up 0.02 points or 0.00% at 13650.43</li></ul><p>The NASDAQ closed above its 100 day moving average for the 2nd consecutive day yesterday. That moving average currently comes in at 13616.44.</p><p>The S&amp;P index is still short of its 100 day moving average of 4402.41. The high price today came in at 4393.40 so far.</p><p>In the US at that market, yields are higher today. The US treasury will auction off 30 year bonds that will 1 PM ET to complete the coupon auctions. The 3 and 10 year auctions were met with average demand. A snapshot of the yield curve currently shows:</p><ul><li>2 year yield 4.955%, +1.9 basis points</li><li>5 year yield 4.546% +2.5 basis points</li><li>10 year yield 4.537% +2.9 basis points</li><li>30 year yield 4.686% +3.0 basis points</li></ul><p>Looking at other markets:</p><ul><li>Crude oil is trading up $0.87 or 1.15% at $76.21. The price reached a low yesterday of $74.96 which was the lowest level going back to July 20. It's a 200-day moving average is still above at $78.11 and would need to be broken to increase the bullish bias. </li><li>Spot gold is up $3.25 or 0.17% at $1952.74.</li><li>Spot silver is up $0.12 or 0.55% at $22.65</li><li>Bitcoin is continuing its search the upside and currently trades at $37,675</li></ul>

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