tag:blogger.com,1999:blog-1258979445050968882.post603244743887973452..comments2023-11-26T06:55:42.401-05:00Comments on [ The Financial Ninja ]: DOW: Opening Below Support, 50 day EMA Next?Ben Bittrolffhttp://www.blogger.com/profile/12465978905157927856noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1258979445050968882.post-52963991979004976752007-07-26T11:47:00.000-04:002007-07-26T11:47:00.000-04:0011:30 am : Stocks have taken a turn for the worse ...11:30 am : Stocks have taken a turn for the worse over the last 30 minutes, so much so that trading curbs on the NYSE have been triggered. Due in part to a sharp reversal in IBM (IBM 117.76 -0.34) and further deterioration in Exxon Mobil (88.26 -4.53), which is now down nearly 5%, the Dow has recently broken through its 50-day moving average (13589).<BR/><BR/>The Energy sector is now down more than 3% and Technology (-0.9%) is no longer showing signs of a turnaround anytime soon. The bloodletting in Financials (-2.7%), though, is really dragging down the market as investors continue to reprice risk due to growing concerns about mortgage lending and corporate borrowing. DJ30 -202.29 NASDAQ -44.61 SP500 -27.90 NASDAQ Dec/Adv/Vol 2362/501/1.03 bln NYSE Dec/Adv/Vol 2884/329/718 mlnBen Bittrolffhttps://www.blogger.com/profile/12465978905157927856noreply@blogger.com