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The broad market suffered a strong decline today. The strongest decline was noted on the Russell 2000 (2.09% loss) while S&P 500 lost only 1.57%. The S&P 500 saw its worst decline since 1/31/2024 when the S&P 500 lost -1.61%. The least downside was seen on the DJI on 3/22/2023.
The S&P 500's daily volume was 2,328 million shares today, which was higher by 6% than the average daily volume sustained over the past 3 months.
| Index | Change | Open | High | Low | Close | Volume (millions) | Adv /Decl |
| NYSE Comp. | 227.77 (1.28) | 17,831.06 | 17,831.06 | 17,608.07 | 17,603.33 | 3,698 | 241 / 1,525 |
| DJI | 571.53 (1.49) | 38,337.39 | 38,337.39 | 37,825.05 | 37,815.52 | 304 | 2 / 28 |
| S&P 500 | 80.51 (1.57) | 5,103.77 | 5,110.83 | 5,035.77 | 5,035.64 | 2,328 | 56 / 441 |
| Nasdaq 100 | 342.03 (1.92) | 17,720.35 | 17,768.86 | 17,440.69 | 17,440.69 | 975 | 9 / 90 |
5-day charts (1 bar = 5 minutes) with a 20-period SBV are showing declining SBV oscillator readings at session's end. Negative money flow on this chart would suggest the possibility of negative trading tomorrow after the market open. 15-day charts (1 bar = 15 minutes) with a SBV(16) and 30-day charts (1 bar = 30 minutes) with a SBV(13) are showing negative money flow (declining SBV) as well. Overall, these charts are in favor of the bears.
60-day charts with a 20-period SBV are now showing declining SBV oscillator readings. The following SBV values were recorded at session's end: minus 11% on the S&P 500, minus 17% on the DJI, minus 10% on the NASDAQ 100 and plus 2% on the Russell 2000. Declining SBV readings are bearish and suggest the possibility of a down-move. We will continue to monitor this chart setting in order to determine at which point SBV oscillator readings start to advance; this might then suggest increased odds for a coming move to the upside.
1.5-year charts with a 10-period SBV are showing a small decline in SBV Oscillator readings on the S&P 500 and on the DJI indexes, advancing readings on the NASDAQ 100 index and flat readings on the Russell 2000 index. This chart setting suggests an uncertain market sentiment. However taking into account big bullish volume accumulation on this chart we may assume that this chart slightly favors bears.
| Release Date/Time | Economic Report | For Period | Consensus | Previous |
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