Articles from the Experts

The Russell 2000 showed the most strength after adding 0.4% and testing an intraday peak of 1,562. Near-term resistance at 1,560-1,565 held with more important hurdles at 1,575-1,580.

The Nasdaq was weak for much of the session after giving back 0.9% and tapping a low of 7,400. Support at 7,400-7,350 held on the 2nd-straight close below the 200-day moving average.

The S&P 500 declined 0.6% following the morning backtest 2,749 and close below its 200-day moving average. Fresh and upper support at 2,750-2,725 held with a move below the latter signaling lower lows.

The Dow fell 0.4% after tapping a late day low of 25,243. Support at 25,200-25,000 held with a move below the latter signaling additional weakness.

Real Estate and Consumer Staples showed the most sector strength after rising 0.6%. Utilities were up 0.5% and Industrials edged up 0.2% to round out the winners.

Technology and Energy paced sector weakness after falling 1.6% and 0.8%.

The Russell 2000 extended its losing streak to 6-straight sessions after giving back 1.9% and closing at a session low of 1,545. May and upper support at 1,550-1,540 was breached with a move below the latter signaling additional weakness.

The Dow dropped 2.1% following the intraday backtest of 24,899. Fresh and upper support at 25,000-24,800 was split with a move below the latter being a continued bearish development.

The S&P 500 also sank 2.1% after testing a second half low 2,710. July support at 2,725-2,700 is back in play with a close below the latter signaling lower lows.

The Nasdaq fell 1.3% following the intraday pullback to 7,274. Fresh and May support at 7,300-7,250 held with risk to 7,200-7,000 on continued selling pressure.

For the 2nd-straight session there was no sector strength.

Energy was the weakest sector after falling 3.4% while Financials and Real Estate were off 2.9%. Health Care dropped 2.7%

The Nasdaq plummeted 4.1% after tapping a low of 7,420. Fresh and upper June support at 7,400-7,350 held on the close below the 200-day moving average with a move below the latter being a continued bearish development.

The S&P 500 slumped 3.3% following the pullback to 2,784. Upper support at 2,775-2,750 and the 200-day moving average held with a close below the latter being a warning sign for lower lows.

The Russell 2000 sank 2.9% while closing on its session low of 1,575. May support at 1,570-1,560 held with a drop below the latter likely leading to 1,540.

The Dow tumbled 3.2% after testing an intraday low of 25,593. Fresh and upper support at 25,600-25,400 was stretched by a couple of points into the close with a move below the latter being a continued bearish signal.

There was no sector strength. Technology and Communications Services were slammed for losses of 4.9% and 4%, respectively. Utilities fell 0.6% and were the least affected.

The Dow climbed 0.2% after erasing a 224-point deficit while reaching a peak of 26,529. Prior resistance at 26,600-26,800 is back in play on continued closes above 26,400-26,350.

The S&P 500 slipped a point, or 0.04%, following the backtest to 2,862. Support at 2,875-2,865 and the 50-day moving average was stretched but held with a close below 2,850 being a continuing bearish development.

The Russell 2000 dipped 0.2% after testing a 3rd-straight lower low of 1,616. May support at 1,620-1,610 and the 200-day moving average held for the second-straight session with a close below the latter likely leading to panic selling.

The Nasdaq fell 0.7% following the intraday plunge to 7,654. Late July and lower support at 7,700-7,650 held on a dime with a close above 7,800 signaling a possible short-term bottom.

Consumer Staples and Real Estate jumped 1.4% and 1.3% to show the most sector strength. Utilities and Financials soared 0.8% and 0.7%.

Technology and Communication Services paced sector weakness after falling 1.1% and 0.3%, respectively.