Today all the indices close lower

Technical Analysis

Author: Greg Michalowski | stocks

Nasdaq continues to lead the downside

When is a down day, a relief?

When intraday levels were much lower. 

For the 2nd day in a row, the tech heavy Nasdaq was down over -1% at the lows (the Nasdaq was down -1.4% at the lows today, only to recover and not feel as bad.  The Nasdaq is still leading the decline for the stocks today. It is down -0.49% at the close.

The summary for the major indices:
  • The S&P index is down -5.46 points or 0.22% to 2432.46. The high reached 2433.95. The low extended to 2418.53.
  • The Nasdaq is closing down -0.47% or -29.39 points to 6165.50. The high reached 6170.14. The low 6107.848
  • The Dow is closing down -14.66 points or -0.7% at 21359.90. The high reached 21367.28. The low 21261.87.