Nasdaq is trading at 14,673, down by 0.71% as session closes
(Last update 7:01am EST, July 31, 2021)
Nasdaq yesterday at a glance – NASDAQ remained in the 14,673 range after starting the session at 14,778 and dropping 105.59 points.
Meanwhile, United States CFTC Crude Oil speculative net positions released yesterday at 7:30 PM with a figure of 449,800, this is better from previous number of 448,700. Released yesterday at 7:30 PM, United States's CFTC Gold speculative net positions showed an uptick coming in at 199,400, up from the previous number of 196,000. Data for United States CFTC Nasdaq 100 speculative net positions was released yesterday at 7:30 PM suggests a downwards trend with -9,800, while previous data was -2,300.
Important graph levels to look out for: the Nasdaq nearest support level is at 14,275. In terms of trend indicators, we can see that although down today, it's worth noting that in earlier trading the Nasdaq peaked above the 14,640, usually an indication that a positive move is maybe ahead. The MACD line is below the MACD signal line significantly, meaning medium-term trend might turn positive. However the upper Bollinger band at 14,900, indicating a further downward move might be next.
Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions it seems Nasdaq might reverse course and start pointing upward in the short term.
In the meantime negative performances are also seen in other symbols, Amazon is down $272.41 from the beginning of the session and now trades around $3,327.59. After starting the session at $22.87, VALE S.A. American Depositary Shares Each Representing one lost $1.87 and is trading around $21.