First time all three indices have close below 100 day MAs since November 4, 2016

  • S&P 100 day MA is at 2638.84. Close at 2581.15 down -100 points
  • Nasdaq 100 day is at 6856.89. Close at 6777.16, down -274.82 points
  • Dow 100 day is at 24080.09. Close at 22860.40, down -1032.95

The changes for the day:

  • S&P is closing down -3.75%
  • Nasdaq is closing down -3.9%
  • Dow is closing down -4.15%

Some of the bigger underachievers include:

  • Tesla, down -8.63%
  • Charles Schwab down -5.82%
  • American Express down -5.65%
  • Gilead down -5.49%
  • Netflix down -5.47%
  • Intel down -5.42%
  • Caterpillar down -5.3%
  • Home Depot down -5.28%
  • General Electric down -5.18%
  • Microsoft down -5.13%
  • Morgan Stanley down -5.0%
  • Boeing down -4.89%
  • Facebook down -4.77%
  • Amazon down -4.68%
  • Berkshire Hathaway down -4.657%
  • Alphabet than -4.49%
  • J.P. Morgan down -4.37%

etc. there are more. The above are just a sampling.

Some overachievers today:

  • Twitter +12.19%
  • Phillip Morris,the +1.5%
  • Bristol-Myers Squibb +0.13%
  • Starbucks -1.27%
  • Procter & Gamble -2.05%