Dow industrial common is greater on the day

The rotation continues with the NASDAQ large-cap excessive flyers shifting decrease. Buyers are shifting into the Dow 30 shares.

Taking a snapshot of the present market:

  • the Dow industrial common is up 59 factors or 0.19% at 31555
  • NASDAQ index is down 242 factors or -1.75% at 13632

The S&P index is in between however decrease on the day at -19.94 factors or -0.51% at 3886.60.

Dow industrial average is higher on the day_

Wanting on the NASDAQ hourly chart above, the index is shifting nearer to a key help goal outlined by its 200 hour shifting common at 13576.168 and 50% retracement of the transfer up from the January 29 low. That stage is available in at 13580.084.   The low for the day reached 13597.358.  The pair is at present off that low at 13632.  

Merchants will likely be taking a look at that twin space for help with stops on a break under. The value has not traded under its 200 hour shifting common since January 29.

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