Dow down -300 points. Nasdaq down -100 points

<p>The Dow Industrial Average is now down around 310 points on the day or -0.90% at 34990. Looking at the hourly chart, the price is testing/breaking below its rising 200-hour moving average of 35007.64. Move below – and stay below the level with momentum – would increase the bearish bias. </p><p>Looking at the Dow 30,</p><ul><li>Dow is down -3.07%</li><li>Caterpillar is down -2.52%</li><li>Chevron is down -2.4%</li><li>American Express is down -2.36%</li><li>J.P. Morgan is down -2.29%</li></ul><p>Of the 30 Dow stocks, only 4 are positive:</p><ul><li>Amgen, +1.75%</li><li>Home Depot, +0.55%</li><li>Johnson &amp; Johnson +0.35%</li><li>Microsoft +0.07%</li></ul><p>The NASDAQ index is down 111.12-0.81% at 13676.27. The S&amp;P index is down -41.2 or -0.92% at 4448.52.</p><p>All 3 indices have not traded in positive territory today</p><ul><li>Dow Industrial Average was at best -88.27 points</li><li>S&amp;P was at its best at -10.84 points</li><li>NASDAQ index added to best was a down -13.36 points.</li></ul><p>Interest rates are mixed with the shorter and lower and the longer and higher:</p><ul><li>2 year yield 4.937%, -2.8 basis points</li><li>5 year yield 4.347%, -0.8 basis points</li><li>10 year yield 4.195%, +1.3 basis points</li><li>30 year yield of 4.305%, +2.4 basis points</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.