Nasdaq 100 rout intensifies

This morning, the Nasdaq 100 index is predicted to open 1,000 factors decrease throughout spot buying and selling.

The index gapped decrease and is now beneath its 200-day shifting common for the primary time since March 2023. April’s low round 17,000 is the subsequent goal. Under that’s the January low of 16,177.

Any restoration would require holding above the 200-day shifting common earlier than a transfer again above 18,300 fills the hole created on the finish of the week.

Nasdaq 100 day by day chart

Supply: ProRealTime, by Christopher Beauchamp

Dow Jones beneath stress

The index at present stays above 39,000 factors, however has given again all of July’s positive aspects.

Costs are sitting proper on trendline assist of the April lows, and a detailed beneath that degree would open a path to 38,000 and the 200-day shifting common.

Within the brief time period patrons are hoping for a rebound again above 39,500, however with different international indices seeing such large losses, this may increasingly simply be a breather earlier than one other decline.

Dow Chemical Every day chart

Supply: ProRealTime, by Christopher Beauchamp

Nikkei 225 index plummets

The index’s decline additional intensified, falling to its lowest degree since November.

All of the positive aspects of the previous yr have been worn out. It appears nearly unimaginable to imagine that the index hit an all-time excessive lower than a month in the past and is about 11,000 factors above present ranges.

Such strikes not often cease inside a day, and at present we might even see additional volatility. A detailed beneath the November 2023 lows of 30,383 and 30,000 might set off extra promoting.

Nikkei Index Every day chart

Supply: ProRealTime, by Christopher Beauchamp