Wall Street making gains despite GDP disappointment; DJIA still capped by 21-D SMA

• The Dow Jones Industrial Average added 91.87 points, or 0.4%, to close at 25,717.46.
• The S&P 500 index put on 10.07 points, or 0.4%, to end at 2,815.44. 
• The Nasdaq Composite Index finished with a gain of 25.79 points, or 0.3%, at 7,669.17.

It was a mixed day in sentiment on Wall Street on Thursday as investors continued to fret over global growth fears, spurred this time by the final reading of U.S. gross domestic product growth in the fourth quarter which was lowered to 2.2% from an estimated 2.6% annualized rate, sparked by softer consumer spending and subdued business investment, sending U.S. GDP growth for 2018 to 2.9%.

Elsewhere, however, there was optimism over the progress that Sino/US trade talks appear to be making. Beijing officials have been making unprecedented proposals to resolve a long-running tariff dispute with Washington, Reuters reported which was citing U.S.officials. The news said that the proposals were aimed to end charges that China systematically steals U.S. intellectual property.

DJIA levels

The DJIA remains capped by the 21-D SMA, trading above the pivot since suffering a sell-off from last Tuesday's high of 26109. However, until the 26000 level is breached again, there is the risk of a run all the way down to the 23.6% Fibo retracement of the late Dec swing lows to late Feb swing highs at the low end of the twenty-five hundreds. This area guards a break all the way down to the 38.2% Fibo of the same range around 24400.