{"id":110870,"date":"2017-08-14T08:30:26","date_gmt":"2017-08-14T12:30:26","guid":{"rendered":"http:\/\/countingpips.com\/?p=110870"},"modified":"2017-08-14T07:13:22","modified_gmt":"2017-08-14T11:13:22","slug":"technology_stocks-technical-analysis-the-us-stock-markets-continue-correcting","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/technology_stocks-technical-analysis-the-us-stock-markets-continue-correcting\/","title":{"rendered":"Technology_Stocks: Technical Analysis – The US stock markets continue correcting"},"content":{"rendered":"
August 14, 2017<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

The US stock markets continue correcting<\/strong><\/p>\n

In this review, we suggest considering the personal composite instrument (PCI) “Technology_Stocks”. It reflects the price dynamics of the 10-stock portfolio of the world’s largest companies and the US high-tech industry traded on the US stock exchanges (NASDAQ, NYSE). The PCI declines when the stocks of the companies it includes fall in price. Is there a possibility for the Technology_Stocks<\/a> to drop?<\/p>\n

The main reason for the overall decline in the US stock market may be the continuing escalation of tension between the US and North Korea, called the “war of words” by market participants. In their opinion, there is still a rather high risk that the parties will move from words to action beginning military operations. An additional negative is the relatively weak quarterly reports of the remaining US companies. In particular, on Thursday, the stocks of Snap (-13%), J.C. Penney (-24.4%) and Nvidia (-8.6%) fell for this reason. The US inflation for July increased slightly, which may have a negative impact on the stock market.<\/p>\n

\"Technology_Stocks\"<\/p>\n

On the daily timeframe, Technology_Stocks: D1<\/b> came down from the rising trend. The downward correction is possible in case of the publication of negative economic and corporate information in the US.<\/p>\n