Analysis

NASDAQ shares flip unfavorable after run to new report highs fails

New all time excessive at 12108.065 takes out September excessive at 12074.06

The Nasdaq index has moved to a brand new day low and within the course of has turned unfavorable on the day.

New all time high at 12108.065 takes out September high at 12074.06

The earlier excessive for the day reached 12108.065. That took out the September all-time excessive value of 12074.06.  The brand new report intraday excessive couldn’t be sustained, and the value has now moved into unfavorable territory.  The value can be under the October excessive value of 11965.54.

It will take a transfer again above each the September and October highs to give consumers extra consolation given the failures to new highs.  

In the meantime, the S&P, NASDAQ, and Russell index stay solidly in constructive territory. Every of the indices have outperformed the NASDAQ. The snapshot of these indices at present reveals

S&P index +81.73 factors or 2.33% at 3591.34
Dow industrial common up 1188 factors or four.19% at 29509.85
Russell 2000 index is up 85.925 factors or 5.23% at 1730.10.
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