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Nasdaq 100 tests 18k in early trading

As expected the Nasdaq 100 opened higher today. The index closed on Friday at 17,890. It reopened today at 17,950 which was well above its 50 day moving average (right now at 17,928). It has advanced further since the opening and just now traded above 18k for the first time since April 15. Naturally, that 18k level has the potential to be sticky and attract sellers, banking gains over the past couple of weeks, from lows underneath 17k seen on April 19. The high seen so far today has been set at 18,004. The Nasdaq 100 is just now trading at 17,995
 

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