Wednesday: Stocks Down, Bonds Down, Oil Down

Price chart analysis and commentary

The S&P 500:

Unable to go higher than Tuesday’s high and closes higher than Tuesday’s low even with the -47% overall loss.

The NASDAQ-100:

The hot tech and social media index is unable to fill the Monday gap down.

The iShares Russell 2000 ETF:

The small caps have yet another day of “can’t get over the 50-day moving average,” which is now turning downward.

The iShares 20+ Year U. S. Treasury Bond ETF:

Bonds go higher early and then finish the day -.15%. Bulls would want to see this make it back over the 50-day moving average sometime soon.

The United States Oil Fund:

The oil fund dips to just below yesterday’s trading range and buyers re-enter.

The SPDR Gold Shares:

A -.37% session as the gold shares take a break before another possible shot at the late October high.

Not investment advice. For educational purposes only.

I write about stocks at Forbes.com.