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breaking news   US stocks are moving lower.  The NASDAQ index leading the way


The NASDAQ Index is approaching its 100-day moving average at lows

US stocks have continued to move lower with the NASDAQ index leading the way down. That index is currently down -1.26% to 15,189. The low price reached 15,120.81.

Looking at the daily chart, the index is back below its 50-day moving average at 15278.18 (risk for sellers looking for more downside now), and has approached its 100-day moving average at 15083.34.

In late September / early October, the price fell below the 100-day moving average (it closed below that 7-day moving average between late September and October 13), but recovered and rose. At today’s lows, the index is down -6.73% from its all-time high in November.

A move below the 100-day moving average would increase the bearish bias from a technical perspective.

The Dow Industrial Average is down -0.22%. The S&P index is down -0.55%. The Russell 2000 is down -1.13%


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