US major indices open lower.

Technical Analysis

Two day up streak in jeopardy for the major indices

The major indices have been up for the last two trading days. That string is in jeopardy today.  The major indices are all trading lower at the open.

A snapshot of the market currently shows

  • S&P index -9.3 points or -0.22% at 4164.54
  • NASDAQ index -80.59 points or -0.60% at 13349.28
  • Dow industrial average -20 points or -0.07% at 34366

The NASDAQ index closed on Friday right just below its 100 day moving average at 13438.56 (the price closed at 13429.98). The price is opening further below that moving average (today it is at 13444.72). Stay below that moving average tilts bias more to the downside technically.

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