US Market Update – 10Sep2020

It was another red day in the US Market, with tech stocks facing huge selling pressure, which just did not stop the whole day. Today’s red day was coming after a nice greed day on Wednesday, Sep 9th, which would have seen creation of new long positions, and all of them would have got burnt today.

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Stock LTP Chg % Volume
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AAPL 113.49 -3.26% 182.27M
TSLA 371.34 +1.38% 84.93M
MSFT 205.37 -2.80% 35.46M
FB 268.09 -2.06% 24.81M
NVDA 492.47 -3.17% 17.47M
ZM 384.48 -1.33% 11.93M
AMZN 3175.11 -2.86% 5.33M
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The correction at Apple (AAPL) is the at the core of the recent sharp correction across US Market indices. Apple stock had run up vertically before its split, and the parabolic upmove had to break down at some point, but its also causing big selling pressure across the US market.

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