Technical Analysis

When you have -10% days, a fall of -4.35% doesn’t sound that bad

The US stocks plunged once again today with the declines led by the Dow.  Although sharply lower, a fall of over 4% does not sound so bad when we’ve endured -10% moves of late.  What we know is the numbers are not pretty today/this week/YTD and over the last year.

A look at the final number for the day are showing:

  • S&P index fell -104.47 points or -4.34% to 2304.92
  • Nasdaq index fell -271.05 points or -3.79% to 6879.52
  • Dow fell -913.21 points or -4.55% to 9173.98

For the week, the numbers were horrible as well:

  • S&P index fell -14.98%
  • NASDAQ index fell -12.64%
  • Dow fell -17.3%

Year to date numbers for the major indices are showing:

  • S&P index, -28.66%
  • Nasdaq index, -23.33%
  • Dow -32.81% 

Finally, going back 1 year:

  • S&P index, -18.39%
  • NASDAQ index, -10.99%
  • Dow, -25.53%

No matter how you slice it, the final numbers for the day, the week, the year to date and the year are not pretty….not pretty at all.

Source link

Articles You May Like

Powerful Non-repaint Forex Trading system !!!
Forex.Today: Live Forex Training for Beginner Traders! -Wednesday 25 March 2020
How To Start Forex Trading | Forex Trading For Beginners
Forex Trading Strategies | How we Caught over 4,000 pips collectively trading the Recession!!
A near empty calendar day to end the week in Europe

Leave a Reply

Your email address will not be published. Required fields are marked *