US100 leads global market swoon

11 October 2018

This content has been created by X-Trade Brokers Dom Maklerski S.A.

Shares in US tech companies plunged yesterday as the Nasdaq (US100 on xStation) fell by 5% in its worst single-day decline for 7 years. In Wednesday's alert we cautioned that a decline below 7287 could lead to a larger decline and after this level broke it was one way trade lower all the way into the close. Large declines were are also seen in other markets with the DE30 falling below key support at 11710 to trade at levels not seen since February. 

 

Is the bull market under serious threat? 

 

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This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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