Lowest close since Dec 2019.

The market showed a negative development Tuesday, and S&P 500 (SP500) ended the day at 3128 points, which is a decline of 3.03 percent. The index has not closed lower since Dec 2019. The index has now closed down for the fourth day in a row and this past month the index has lost as much as 5.93 percent.

10 shares showed a gain and 493 showed a loss. 0 shares were unchanged and closed at the same price as the previous day. There was no trading in 1 shares.

Value of the total volume of shares and primary capital certificates traded Tuesday was approximately 260.5 billion.

Apple (AAPL) showed a negative development and ended the day at 288 $, which is a decline of 3.39 percent. The stock thereby broke the earlier bottom it set Jan 3 and reached a new year-low. The stock has now closed down for the fourth day in a row and this past week the stock has lost as much as 9.69 percent. It does not look good technically either. The stock is assessed as technically slightly negative for the medium long term.
Mastercard Incorporated (MA) fell sharply to close at 303 $, down 6.71 percent. We must go back to Aug 8. 2011 to find an equally steep drop. That time the stock lost 10.59 percent. The stock has now fallen for the fourth day in a row. The volume was also high. At session end it was bought and sold shares for about 3851 million $ in the stock, which equals three times mean daily turnover. Nor technically does it look good. The stock is assessed as technically slightly negative for the medium long term.
Boeing CO. (The) (BA) ended with a steep loss of 4.33 percent and closed at 304 $. The stock has now closed down for the eighth day in a row and this past week the stock has lost as much as 10.25 percent. Nor technically does it look good. The stock is trend wise negative in the medium term and a further decline is indicated.
JP Morgan Chase (JPM) closed at 126 $ after posting a loss of 4.46 percent. The stock has never lost more in one day since Feb 5. 2018, when it was down 4.80 percent. The stock is trend wise positive in the medium term.
Micron Technology (MU) closed at 52.10 $ after a steep drop of 5.29 percent. The previous time the stock lost this much was Sep 27. 2019, when it closed down 11.09 percent. The stock has now closed down for the fourth day in a row. The stock broke down through the support at 53.09 $ in double top formation. This triggered a sell signal on increasing volume and a further drop to 47.61 $ within three months is indicated.

Most traded Tuesday

Apple16613.10
Amazon.com12268.66
Microsoft11441.08
NVIDIA Corporation6914.83
Advanced Micro Devices, In4219.43
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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