Technical Analysis

US major indices open with declines

7 of the last 20 trading years has seen the last day move higher

The US major indices are opening with declines. They are also down for the 2nd day in a row. For those looking for historical trends, only 7 of last 20 trading years have seen the last day of the year close higher. So, the sellers do have the advantage from that historical perspective.

A snapshot of the major indices a few minutes into the opening is showing:

  • S&P index, -3.38 points or -0.10% at 3217.91
  • NASDAQ index -16.627 points or -0.19% at 8929.36
  • Dow -28.9 points or -0.10% at 28433.24

in other markets:

  • Spot gold is trading up $2.80 or +0.19% at $1518.10
  • WTI crude oil futures are trading down $0.85 or -1.3% at $60.83

In the US debt market yields are trading higher:

  • 2 year 1.579%, +1.3 basis points
  • 5 year 1.692%, +2.2 basis points
  • 10 year 1.914%, +3.5 basis points
  • 30 year at 2.373%, +4.3 basis points

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