As of September 11th, US stock indexes closed in the green zone, thereby approaching major highs.
Dow Jones Industrial Average gained 69,07 points or 0,52% and touched 13323,36. This is the highest price level since December 2007. In the meantime, Standard & Poor's 500 gained 4,48 points or 0,31% to reach 1433,56. Nasdaq Composite strengthened by 0,51 points or 0,02% up to 3104,53.
As for US stocks, the biggest gainers were:
· Groupon (+8 %)
· Bank of America (+5%)
· Facebook (+3,3%)
· Cliffs Natural Resources Inc. (+6,4 %)
· Morgan Stanley (+3,9%)
The chart below, courtesy of , reflects the current state of affairs in the market of Dow Jones Industrial Average. It has finally broken above 13331, a major level or resistance. However, there was no consolidation above it. Therefore, this trading session may show a decline. However, the bullish scenario will become probable in case wave 5 sees elongation.
