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US100 leads global market swoon

10:28 11 October 2018

 

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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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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