Technical Analysis

Call it a tie in the US stock market today

Major indices close within shouting distance of the close from yesterday

Call it a tie betweent the buyers and sellers. That is because the major indices are ending the day within few points of unchanged on the day.  

Although unchanged, it was more of a disappontment for the bulls. The Dow was up 185 points at the highs. The Nasdaq was up 86 points. The S&P was up aount 24 points at the highs.  So those gains were eroded through the day.  

The final numbers are showing:

  • S&P fell -1.01 pointsor -0.04% at 2885.72
  • Nasdaq fell -0.603 points or -0.01% at 7822.56
  • Dow fell -13.70 points or -0.05% at 26048.98

Below are the high/low % changes and the closing %.  As you can see, the move above the 0% line was greater. So giving up those gains is a disappointment.

Some losers included:

  • Beyond Meat, -25.02% (on a downgrade from JP Morgan)
  • United Technologies, -3.94%
  • AMD, –2.47%
  • Emerson, -1.79%
  • Adobe, -1.55%
  • Intuit, -1.45%
  • Walt Disney, -1.44%
  • Boeing, -1.24%
  • Twitter, -1.17%
  • Charles Schwab, -1.06%
  • MasterCard, -0.91%

Gainers today included:

  • General Mills, +2.01%
  • Tesla, +1.98%
  • Facebook, +1.88%
  • Alibaba, +1.76%
  • Nvidia, +1.56%
  • Caterpillar, +1.23%
  • Cisco, +1.22%
  • Verizon, +1.18%
  • Broadcom, +1.17%
  • Apple, +1.16%
  • Citigroup, +1.13%

ForexLive

Articles You May Like

Goldman Sachs says to short Chinese yuan ahead of the G20 meeting next week
New Zealand plans to introduce a bank deposit protection plan
EURUSD stops being triggered
Tagalog Forex Trading Course – Part 1
China feels out how Europe will respond if talks with Trump break down

Leave a Reply

Your email address will not be published.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