The stock market showed continued strength on Thursday to fully recover the losses from Monday’s pullback with the major indexes now in positive territory for the week. The broader market and the small-caps joined Tech in reclaiming key resistance levels with the blue-chips maintaining momentum.

The Russell 2000 tested a high of 2,265 while ending at 2,259 (+1.8%). Lower resistance at 2,250-2,275 was cleared and held. A pop above the latter would be an ongoing bullish development for a run towards 2,300-2,325. 

The Dow tapped an intraday high of 34,879 while settling at 34,764 (+1.5%). Prior and lower resistance at 34,750-35,000 was breached and held. A close above the latter and the 50-day moving average would suggest further strength towards 35,250-35,500.

The S&P 500 closed at 4,448 (+1.2%) with the peak hitting 4,465. Near-term and lower resistance at 4,450-4,475 was recovered on the close back above the 50-day moving average. A move above the latter would signal additional strength towards 4,500-4,525.

The Nasdaq tagged a high of 15,085 before ending at 15,052 (+1%). Key resistance at 15,000 was recovered. Continued closes above this level keeps upside towards 15,100-15,250 in focus.