Technical Analysis

Major stock indices end the session with oversized losses

No big retracements today…

The major stock indices are all ending with oversized losses on concerns about a global trade war. There was limited recovery in the indices today (unlike last week).   The Nasdaq is having it’s worst day in 2019. Tech sector is down 3%.  Dow industrial average fell over 700 points at the lows.  

The final numbers are showing:

  • S&P index -69.53 points or -2.41% at 2811.87.
  • Nasdaq index -269.91 points or -3.41% at 7647.02
  • Dow -617.38 points or -2.38% at 25324.95

I think one word can describe the decline….BARF.

Ironically, ringing the closing bell at the NYSE today (although it is marked as the NASDAQ in the picture above) was a company “brf”…..some may call it “BARF”.

Their business?

The worlds largest poutry exporter.   

HMMM….That seems to be appropriate for the day…Or did someone photoshop CNBC?

ForexLive

Articles You May Like

AUD levels (support, resistance to eye)
Live Forex Technical Analysis & Strategy Planning – YouTube Stream Hosted by Forex.Today
Stocks down but it could have been worse
FOREX: BEST AND WORST TIMES TO TRADE
Free Forex Trading Course – 9 of 19 – Technical Analysis

Leave a Reply

Your email address will not be published.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