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Thursday, February 18, 2021

Comparing the three US major stock boards against the Relative Strength Index

       With the DOW closing today 2/18/21 against the Relative Strength Index is at 61.89 percent, it has fallen slightly from the most recent peak of 65.55 percent on Tuesday 2/17/21.      The NASDAQ from today's closing is at 60.42 on the Relative Strength Index and the S & P 500 is at 61.77 on the Relative Strength Index.      The recent declines on the US stock market boards hasn't gone through major drop yet like when the S & P 500 on 1/26/21 was hanging at 65.28 percent on the Relative Strength Index and fell.

       The next market day on the S & P 500 1/27/21 had drooped to 47.28 on the Relative Strength Index an 18.00 percent drop.     So the market hasn't yet gone through drops like this, last year when the NASDAQ had fallen on March 20, 2020 the Relative Strength Index began falling on 2/19/20.

       The first drop was at 8.00 percent, then followed by 12.00 percent decline, then 16.00 percent fall, followed by a 8.00 percent drop before it went up by 1.00 percent.       Then went down another 7.00 percent, but this is still well before the NASDAQ hit that low on March 20th, the 7.00 percent fall happened on 2/27/20.       Even though there was slight climb after that day with the correction already taking place.        There was on September 2nd, 2020 that was the beginning and on October 13, 2020 with the one starting on September 2nd.    Saw the Relative Strength Index fall in 3 trading days dropping from 80.28 percent down to 40.75 percent.     The Relative Strength Index was at 74.83 on 2/19/20 and in 6 trading days it fell down to 25.11 percent on 2/27/20.      These recent drops are not yet any major falls and so the NASDAQ was recently at 71.21 percent on 2/12/21.     We could be at the beginning of a correction coming, the dollar will be a key part to watch, if and when it starts climbing again.        Here is the stock futures: DOW is up by .06 percent, the S & P 500 is up by .06 percent and the NASDAQ is up by .11 percent at 3:46 pm PST.      At 10:24 am EST the US dollar had peaked up to $90.79 and began falling by .24 cents, with it at $90.55 at 6:30 pm EST when the dollar had closed.       It matters which way the dollar will go up or down when it opens back up.      Still waiting on two stocks to fall a little more with one .34 cents away from the price bid to buy and the other is only .21 cents away to purchase more shares in the stock.     Here is another update on the stock futures: DOW is down by .03 percent, the S & P 500 is down by .05 percent and the NASDAQ is down by .08 percent at 5:36 pm PST.        The dollar has went up by .02 cents to $90.57 at 5:38 pm PST,        Our investment went down by $217.02 with more funds on the side waiting to purchase back into two stocks.

         Stock futures are falling further: DOW is down by .23 percent, the S & P 500 is down by .29 percent and the NASDAQ is down by .37 percent, the US dollar has climbed up even more with it at $90.63 at 6:26 pm PST.  

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