NASDAQ snaps four days losing streak. The US stocks rallied into the close with the Dow ending the session at a new record and at the highs of the day. The index is closing up 315.76 points for the fourth higher close in as many days. The NASDAQ index is also closing higher for the first time in five trading days. A
Technical Analysis
Breaks below the 2018 low price of 1.22445 The USCAD is trading to the lowest level since September 2017. The price today fell below the 2018 low price of 1.22445. Yesterday the price action stalled just above that level. The next major target off the weekly chart comes in at 1.20612. That is the low price from 2017 Looking
Down six cents or -0.09% The price of WTI crude oil futures are settling at $65.63. That is down $0.06 or -0.9%.. The high price today reached $66.76. The low price extended to $64.92. The crude oil inventory data showed a larger than expected drop in inventories of 7.99 million versus -2.0 million estimate. Gasoline
Dips below the rising 100 hour MA have been short lived this week The USDJPY just dip below its 100 hour moving average as yields moved back down and stocks seemed to be getting off to a “sell the higher open” start. However, the dip below the MA line at 109.189 was short lived (so far at least).
The 50% slowed the decline today The Nasdaq index is still down -324 points or -2.34% on the day, but the low for the day did reach down to 13485.59, down -2.95% or -409.53 points. That day low, dipped briefly below the 50% of the move up from the April 25th low at 13499.19. However,
Nasdaq index lower. Dow closes higher The NASDAQ index has now posted a three day losing streak as it fell -0.48%. The Dow snapped a two day losing streak closing higher by 0.7%. The final numbers are showing: S&P index up 11.49 points or 0.27% at 4192.66 NASDAQ index down 67.565 points or -0.48% at 13895.11 Dow industrial average