Small declines for the major US indices. S&P and NASDAQ extend losing streak to 6 days

The major US indices all closed marginally lower in trading today. Nevertheless the declines were good enough for the 6 consecutive down day for the S&P and the NASDAQ.

The S&P index closed below the 200 week moving average for the 2nd consecutive day. That moving average comes in at 3600 and will be an important level on Friday's close.

Both the Nasdaq NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term and the Dow are below their 200 week MAs.

• The Dow 200 week MA is at 29818.13. The index closed at 29210.86
• The Nasdaq 200 week MA is at 11147.13. The index closed at 10417.11.

It would take a move above those levels to tilt the longer term bias back to the upside.

Both the S&P and NASDAQ are now down for the month of October. Recall, the S&P was up 5.73% after the first 2-days of the month. The Nasdaq was up 5.71%.

The Dow is still higher on the month after starting up 5.57% after two trading days. The index is still up 1.75% on the month .

The final numbers for the day are showing:

• Dow industrial average is closing down -28.36 points or 10110% at 29210.86
• S&P index is down -11.79 points or -0.33% at 3577.04
• NASDAQ index is down -9.08 points or -0.09% at 10417.11
• Russell 2000 is down -5.15 points at -0.3% at 1687.76

Looking at the US debt market:

• 2 year yield 4.289%, -2.7 basis points
• 5 year yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term 4.110%, -5.6 basis points
• 10 year 3.898%, -4.1 basis point. The US treasury auctioned off $30 billion of 10 year reopened notes at 3.930%
• 30 year yield 3.880%, -2.2 basis points