US Stocks sharply lower

The market dropped considerably Friday, and Nasdaq Combined Composite Index closed at 17323 points after a decline of 2.7 percent. The week as a whole showed a loss of 2.6 percent. This past month the index has lost as much as 9.2 percent.

1352 shares were up and 5687 were down, while 193 remained unchanged, and there was no trading in 141 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 642.3 billion.

Semiconductor Bull 3X Direxion lost 9.7 percent to 16.03 dollar. The stock has not closed lower since Nov 2023. The stock has now closed down for the fourth day in a row. The stock has by that dropped 16.2 percent since the sell signal from the head and shoulders formation two days ago.

Alphabet C lost 4.9 percent to 156 dollar. The stock has not closed lower since Sep 2024. It does not look good technically either. The stock is assessed as technically slightly negative for the medium long term.

Lululemon Athletica fell sharply to close at 293 dollar, down 14.2 percent. The previous time the stock lost this much was Mar 22. 2024, when it closed down 15.8 percent. The volume was also high. At session end it was bought and sold shares for about 3785 million dollar in the stock, which equals seven times mean daily turnover. The stock is trend wise positive in the medium term.

Nike was down 3.8 percent to close at 63.29 dollar. The stock has not closed at a lower price since Mar 2020. The stock has thereby closed down 19 out of the past 23 days and this past month the stock has lost as much as 22.0 percent. It does not look good technically either. The stock is trend wise negative in the medium term, has resistance at 70.00 dollar and a further decline is indicated.

Meta Platforms A closed down 4.3 percent to 577 dollar. The stock has not closed at a lower price since Nov 2024. The stock is trend wise positive in the medium term, but has marginally broken down through support at 580 dollar.

Winners Friday

Aclarion	2221.84%
Splash Beverage Group	2107.14%
Portage Biotech	103.82%
Lexicon Pharmaceuticals	64.13%
DBV Technologies ADR	58.57%

Losers Friday

Sharps Technology	-72.30%
Milestone Pharmaceuticals	-60.89%
Wolfspeed	-51.86%
LogicMark	-50.20%
XTI Aerospace	-50.00%

Most traded Friday

SPDR S&P 500 ETF	39820.07
Tesla	32629.96
NVIDIA	25210.12
Powershares QQQ	21741.84
Meta Platforms A	10152.25

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