Back
4 Mar 2015
US indices suffer deep losses – TechTrader
FXStreet (Barcelona) - Harry Boxer of The Technical Trader, summarizes the performance of US Indices in the American session, mentioning that Dow, S&P 500 and Nasdaq 100 ended negative after suffering steep losses.
Key Quotes
“The stock market indices suffered some steep losses in the morning after they gapped down and stair-stepped their way lower in a 5-wave decline. They reversed midday and rallied back to about a 50% retracement, but were unable to get any further than that.”
“The Nasdaq 100 stalled near the 4460-64 zone, and the S&P 500 stalled at the 2109 zone.”
“Net on the day, the Dow was down 85.26 at 18,203.37, the S&P 500 lost 9.61 at 2107.78, and the Nasdaq 100 dropped 24.27 at 4458.78. They all closed mid-range.”
“Advance-declines were 3 to 2 negative on the New York Stock Exchange, and 2 to 1 negative on Nasdaq. Up/down volume was 3 to 2 negative on New York, with total volume of almost 3.2 billion shares. Nasdaq traded just under 2 billion shares, and had a 4 to 3 negative volume ratio.”
Key Quotes
“The stock market indices suffered some steep losses in the morning after they gapped down and stair-stepped their way lower in a 5-wave decline. They reversed midday and rallied back to about a 50% retracement, but were unable to get any further than that.”
“The Nasdaq 100 stalled near the 4460-64 zone, and the S&P 500 stalled at the 2109 zone.”
“Net on the day, the Dow was down 85.26 at 18,203.37, the S&P 500 lost 9.61 at 2107.78, and the Nasdaq 100 dropped 24.27 at 4458.78. They all closed mid-range.”
“Advance-declines were 3 to 2 negative on the New York Stock Exchange, and 2 to 1 negative on Nasdaq. Up/down volume was 3 to 2 negative on New York, with total volume of almost 3.2 billion shares. Nasdaq traded just under 2 billion shares, and had a 4 to 3 negative volume ratio.”