Closelook at the US Stock Markets - Post 01

The Nasdaq 100 closed below its 50 Day moving average for the first time since March 10 on Thursday. On Friday, we had a weekly close below the level, too. We also had the index's worst two week stretch since December 23, 2022.

So what?

We are now entering the first support level from which we would expect a temporary bounce. If this does not happen and the market continues to decline, it would represent an early warning to the bull case.

Now what?

The seasonally weak period continues until the beginning of the fourth quarter.

As I am posting about three other topics too - hypergrowth tech stocks, AI, funding - I will now label the posts according to category and number them for easy referencing

#sp500 #nasdaq100 #nasdaq/