Market technician Dave Chojnacki of Street One Financial examines the conclusion of the Nasdaq 100’s big winning streak, and updates the technical levels investors should focus on in the final trading day of the week.
Equities Dump, Then Partially Recover
Initial Claims were slightly better than expected yesterday, but this did little to energize equities as they moved lower at the open. The major averages continued to move lower through the AM hours, before they finally caught a bid after the European close.