US stocks open with modest declines

Technical Analysis

Author: Greg Michalowski | dow

Trading above and below the unchange level

The major indices are opening up a little lower and have traded above and below the unchange level in early trading.

A snapshot of the market currently shows:
  • S&P index -2.84 points or -0.09% at 3324.93
  • NASDAQ index -5.323 points or -0.05% 10993.07.  The high price did once again get above the 11,000 level in early trading at 11,000.02
  • Dow is trading up 2 point from +0.01% at 27203.53
In the US debt market, yields remain lower:
  • 2 year 0.111%, -0.5 basis points
  • 10 year 0.5199%, -2.7 basis points
  • 30 year 1.187%, -3.4 basis points
the precious metals remain sharply higher but off the highest levels:
  • spot gold is trading up $19.50 or 0.96% at 2057.70. The high price reached $2064.99
  • spot silver is trading up $1.20 or 4.47% at $28.16. The high price reached $28.45
WTI crude oil prices are trading up $0.41 or 0.97% of $42.60. That is near its high price of $42.65. The low price reached $41.61 today.
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