Technical Analysis

US stocks move into negative territory

Geopolitical anxiety helps to kick the indices lower

The geopolitical anxiety – and perhaps a bit overbought conditions – have sent the US stocks lower. 

A snapshot currently shows:

  • Dow -36 points or -0.10% 35372
  • S&P index -16 points or -0.37% at 4478.90
  • NASDAQ index -51 points or -0.34% 14991.78

The NASDAQ and S&P index are up five straight days with each trading to yet another record at the close yesterday. The S&P index has made 51 new record highs in 2021. The NASDAQ index has made 30 new record highs.  

The USD has seen a dip from the day’s highest levels but still remains the strongest of the majors.     

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