Lowest close since Feb 21.

The market showed a negative development Monday, and Nasdaq Combined Composite Index ended the day at 15885 points, which is a decline of 1.8 percent. The index has not closed lower since Feb 21.

1347 shares were up and 5791 were down, while 248 remained unchanged, and there was no trading in 178 shares.

Total value of the trading volume for shares and primary capital certificates Monday was approximately 611.0 billion.

Salesforce fell sharply to close at 273 dollar, down 7.3 percent. We must go back to Dec 5. 2022 to find an equally steep drop. That time the stock lost 7.4 percent. The stock has now closed down for the fourth day in a row. It was also high volume. Overall it was traded for 5012 millions dollar in the stock, which is four times as much as normal daily turnover. It does, however, look good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Tesla showed a negative development and ended the day at 161 dollar, which is a decline of 5.6 percent. We must go back to May 2023 to find a lower close for the stock. The stock is trend wise negative in the medium term.
20+ Year Trsy Bond Ishares was down 1.6 percent to close at 88.89 dollar. We must go back to Nov 2023 to find a lower close for the stock. The stock has thereby closed down 19 out of the past 27 days and this past month the stock has lost as much as 5.9 percent. It does not look good technically either. The stock is trend wise negative in the medium term and a further decline is indicated.
Berkshire Hathaway A showed a small loss and ended the day at 604500 dollar, which is a decline of 0.6 percent. The stock has now fallen for the sixth day in a row and this past week the stock has lost as much as 3.8 percent. It does, however, look good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Home Depot lost 1.4 percent to 338 dollar. The stock thereby broke the earlier bottom it set Jan 3 and reached a new year-low. The stock has now fallen for the fifth day in a row and this past month the stock has lost as much as 10.8 percent.

Most traded Monday

SPDR S&P 500 ETF46460.57
NVIDIA38105.06
Powershares QQQ27352.32
Tesla16187.61
Apple12698.20
 


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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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