Technical Analysis


Major indices fall sharply on day but off lows

The bell has rung and it was another down day for the major indices. This week 4 of 5 days closed lower.  Stocks on pace for their worst months since October 2008

The closing levels are showing:

  • S&P index fell 47.12 points or -1.74% at  2658.48.  the high price reached 2692.38. The low extended to 2628.16
  • NASDAQ composite index closed down -151 points or -2.07% at 7167.21.  The high reached 7283.32. The low extended to 7057
  • Dow industrial average closed -296.24 points or -1.19% at 24688.30..  The high reached 24916.16. The low extended to 24445.19

For the trading week.:

  • S&P index -3.94%
  • NASDAQ index -3.78%
  • Dow industrial average -2.97%

Month to date declines show:

  • S&P index -8.76%
  • NASDAQ index -10.93%
  • Dow industrial average -6.69%

Year to date numbers show the S&P and Dow now trading in the red for the year.  

  • S&P index -0.56%
  • NASDAQ index up 3.82%
  • Dow industrial average -0.13%

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