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Nasdaq Experiences Worst Day In 2 Months

By  |  Stock Markets  |  Apr 06, 2014 10:02PM GMT  |   Add a Comment
Nasdaq Experiences Worst Day In 2 Months
By   |  Apr 06, 2014 10:02PM GMT

US stocks fell sharply on Friday and reversed an early rally, sending the Nasdaq Composite to its worst day in two months. At close, The Nasdaq Composite fell 110.02 points, or 2.60%, to 4,127.73.

This is the worst swing for the Nasdaq since Dec 2011 (with Russell, Dow, and Nasdaq -1% YTD).

US employers maintained a solid pace of hiring for a second straight month in March, further evidence of resilience in an economy that had been held back by a brutally cold winter. Nonfarm payrolls increased by 192,000 jobs last month after rising 197,000 in February, the Labor Department stated on Friday.

From quick look at charts we can see the strong refractive last Friday, and right now it seems my face index at 3440-3470 points where we look at the index closely

The first option, and Ai, seems to me personally that it's just a move towards breaking higher highs.

If this is the support level then it will not likely come down to visit at lower levels than 3240.

point of view: notice we saw the same course in May - June last year.

If that's the story this time then it is likely that the stations I mentioned are blocked rather than declines, If not then there is likely to go further up the level of 3100 points.

Nasdaq 400 Daily Chart
Nasdaq 400 Daily Chart

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