#NASDAQ Post Triple Digit Decline #DOW Remains Steady For Now

After marking records highs for the three major indexes, it is just right to assume that the NASDAQ clears some of its trades first being able to extend its gains heading towards the end of the 2nd quarter. As the major Tech stocks have already been overweight along with the SPDR XLK ETF giving way in the same manner that the tech stock heavyweights pullback down earlier than anticipated.

Comparing SPDR Tech ETF Vs. Three (3) Major Equity Indexes 

A psychological mark left traders investors speculate that such rapid moves can again be attributed to the 'FLASH CRASH' as most industry players have assumed coming into account of a rapid decline at the moment. However, it maybe, the case of the decline would not discounted as it would remain at the backend of trader's mind which can now lead into cashing more positions which would lighten up the load in the market.

This is what institutional players would really like to see. Yet, due diligence should dictate where money flows into as the results of Friday's move have remained that secular market forces in the #DOW remains resilient contrary to this rapid fire action at the closing price. On top of which, would likewise provide a relatively good correction could have traders simply taking a breather before adjustments / repositioning would be made in appropriate levels.

The chart above reflects a market trend and percentage comparison of the major indices excluding the USD Index. As the USD recent relief recovery does not justify a market call as of now but it does have a lot to do with 'CORRELATION' in the next quarter opening for the third (3rd) quarter of 2017. For now, the #DOW's market resiliency have remained higher contrary to the #NASDAQ's decline.  Which side and what plan of action in the market would you take?