6 Jan 2015
US indices see a negative start to the week – TechTrader
FXStreet (Barcelona) - Harry Boxer of the Technical Trader shares that the US stock indices started the week in declining channels, closing weakly, with the Dow down 331.34 points, Nasdaq 100 down 69.27 points and the S&P 500 down 37.62 points.
Key Quotes
“The stock market indices started the week and the second day of the trading year with a very, very negative session. The day started out with a gap to the downside, and the indices were in declining channels all day. They tried to rally late in the day, but closed weakly.”
“Net on the day, the Dow was down 331.34 at 17,501.65. The S&P 500 was down 37.62 at 2020.58, 3 points off the low. The Nasdaq 100 was down 69.27 at 4160.96, 9 points off the low.”
“Advance-declines were 24 to 7 negative on the New York Stock Exchange, and 19 to 8 negative on Nasdaq. Up/down volume was 7 1/2 to 1 negative on New York, with total volume of 3 3/4 billion shares. Nasdaq traded 1 3/4 billion shares, and had a 4 to 1 negative volume ratio.”
Key Quotes
“The stock market indices started the week and the second day of the trading year with a very, very negative session. The day started out with a gap to the downside, and the indices were in declining channels all day. They tried to rally late in the day, but closed weakly.”
“Net on the day, the Dow was down 331.34 at 17,501.65. The S&P 500 was down 37.62 at 2020.58, 3 points off the low. The Nasdaq 100 was down 69.27 at 4160.96, 9 points off the low.”
“Advance-declines were 24 to 7 negative on the New York Stock Exchange, and 19 to 8 negative on Nasdaq. Up/down volume was 7 1/2 to 1 negative on New York, with total volume of 3 3/4 billion shares. Nasdaq traded 1 3/4 billion shares, and had a 4 to 1 negative volume ratio.”