Stocks taking it on the chin

Nasdaq down -1.21%

The US stocks are taking it on the chin and trades near session lows. The delay of the healthcare bill is hurting stocks.

The S&P is down about -14 points or -0.55%

The Nasdaq is down -73 points or -1.2%

The Dow is down -69 points or -0.33%

For the Nasdaq, the pair moved below its 200 hour MA at the 6203 and has moved down to a trend line support at the 6170 area. The low just reached 6167.60 and is seeing a modest bounce. The 200 hour MA will now be eyed as resistance now.