US 500 sharply lower

The market dropped considerably Friday, and S&P 500 closed at 5074 points after a decline of 6.0 percent. The index has never lost more in one day since Mar 16. 2020, when it was down 12.0 percent. The week as a whole showed a loss of 9.1 percent. The index is with that down 12.9 percent after the sell signal from the double top formation one month ago.

13 shares showed a gain and 489 showed a loss. 0 shares were unchanged and closed at the same price as the previous day. There was no trading in 0 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 622.1 billion.

NVIDIA fell 7.4 percent and broke the 100 -mark. The close was at 94.31 $ and the stock has not been lower since May 2024. The stock has thereby closed down seven out of the past nine days and this past week the stock has lost as much as 14.0 percent. Nor does it look good technically. The stock is trend wise positive in the medium term, but has broken down through support at 100 $.

Palantir Technologies ended with a steep loss of 11.5 percent and closed at 74.01 $. The stock has never lost more in one day since May 7. 2024, when it was down 15.1 percent. The stock has thereby closed down seven out of the past nine days. Nor does it look good technically. The stock is assessed as technically slightly negative for the medium long term.

Tesla ended with a steep loss of 10.4 percent and closed at 239 $. We must go back to Mar 10 to find an equally steep drop. That time the stock lost 15.4 percent. Nor does it look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.

Netflix showed a negative development and ended the day at 856 $, which is a decline of 6.7 percent. The stock has not closed lower since Jan 16. The stock broke down through the support at 885 $ in head and shoulders formation. This triggered a sell signal on increasing volume and a further drop to 692 $ within six months is indicated.

JP Morgan Chase lost 8.1 percent to 210 $. The stock has not closed lower since Oct 2024. The stock triggered a sell signal by the break down through the support at 224 $ in head and shoulders formation. A further drop to 182 $ within five months is indicated.

Winners Friday

Deckers Outdoor	5.10%
D.R. Horton	4.55%
NVR	4.23%
PulteGroup	3.57%
Builders Firstsource	3.46%

Losers Friday

GE Healthcare Technologies	-15.96%
APA	-14.43%
Baker Hughes A	-13.34%
Celanese	-13.16%
Freeport-McMoRan	-13.01%

Most traded Friday

NVIDIA	50198.74
Tesla	43391.74
Apple	23719.10
Amazon.com	21060.25
Meta Platforms A	19477.44

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