Decline on US Stocks Wednesday

Nasdaq Combined Composite Index (COMPX) developed negatively Wednesday, and fell 1.83 percent to a close of 15254 points.

1802 shares showed a gain and 5524 showed a loss. 283 shares were unchanged and closed at the same price as the previous day. There was no trading in 203 shares.

Value of the total volume of shares and primary capital certificates traded Wednesday was approximately 778.0 billion.

Visa Inc. (V) developed negatively and fell 1.86 percent to a close of 190 dollar. The stock thereby broke the earlier bottom it set Jan 29 and reached a new year-low. The stock has now closed down for the fourth day in a row. Since the sell signal from the rectangle formation one month ago, the stock now has lost 15.01 percent.
Iboxx $ High Yield Corporate Bd Ishares (HYG) was down 0.32 percent to close at 85.37 dollar. The stock has not closed lower since Nov 2020. The stock has thereby closed down nine out of the past ten days. Since the sell signal from the rectangle formation seven days ago, the stock now has lost 1.44 percent.
Boeing Company (The) (BA) closed down 4.88 percent to 188 dollar. The stock thereby broke the earlier bottom it set Jan 27 and reached a new year-low. The stock has now fallen for the fourth day in a row. Since the sell signal from the rectangle formation three days ago, the stock now has lost 7.89 percent.
SPDR DOW 30 ETF (DIA) showed a small loss and ended the day at 340 dollar, which is a decline of 1.29 percent. The stock broke down through the support at 341 dollar in rectangle formation. This triggered a sell signal and a further drop to 322 dollar within seven months is indicated.
Square, Inc. Class A (SQ) lost 6.64 percent to 195 dollar. The stock thereby broke the earlier bottom it set May 13 and reached a new year-low. The stock has thereby closed down 14 out of the past 19 days and this past month the stock has lost as much as 23.58 percent. Nor technically does it look good. The stock is trend wise negative in the medium term, has marginally broken down through support at 200 dollar and a further decline is indicated.
 


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.


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.

Titlex

OK