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1 Apr 2015
Big negative day on Wall Street – TechTrader
FXStreet (Barcelona) - Harry Boxer of The Technical Trader, summarizes the intraday performance of US Indices, noting that Dow, S&P 500 and the Nasdaq, ended the day deeply negative.
Key Quotes
“It was definitely turnaround Tuesday today as the markets got whacked. The indices opened with big gaps to the downside, forming coils all session long, only to break down in the last hour and get whacked into the close.”
“Net on the day, the Dow was down 200.19 at 17776.12. The S&P 500 was down 18.35 at 2067.89. The Nasdaq 100 was down 49.13 at 4333.69.”
“Tesla Motors, Inc. (TSLA) lost 1.80 to 188l77.”
“Advance-declines were still 3 to 2 negative on the New York Stock Exchange, and 8 to 5 negative on Nasdaq. Up/down volume was a little less than 2 to 1 positive on New York, with total volume of 31/4 billion shares. Nasdaq traded close to 2 3/4 billion shares, and had a 2 1/2 to 1 positive volume ratio.”
“Stepping back and reviewing the hourly chart patterns, the indices gapped down, ran up in intraday rising wedges, retested the lows, but bounced, formed bear flags, and at the end of the day they broke down hard in the last hour, and bounced near support, but feebly closed.”
Key Quotes
“It was definitely turnaround Tuesday today as the markets got whacked. The indices opened with big gaps to the downside, forming coils all session long, only to break down in the last hour and get whacked into the close.”
“Net on the day, the Dow was down 200.19 at 17776.12. The S&P 500 was down 18.35 at 2067.89. The Nasdaq 100 was down 49.13 at 4333.69.”
“Tesla Motors, Inc. (TSLA) lost 1.80 to 188l77.”
“Advance-declines were still 3 to 2 negative on the New York Stock Exchange, and 8 to 5 negative on Nasdaq. Up/down volume was a little less than 2 to 1 positive on New York, with total volume of 31/4 billion shares. Nasdaq traded close to 2 3/4 billion shares, and had a 2 1/2 to 1 positive volume ratio.”
“Stepping back and reviewing the hourly chart patterns, the indices gapped down, ran up in intraday rising wedges, retested the lows, but bounced, formed bear flags, and at the end of the day they broke down hard in the last hour, and bounced near support, but feebly closed.”