An update of the three main U.S. stock indices.
The 3 – hour Nasdaq Composite (IXIC) chart courtesy of Trading View illustrates its performance.
Throughout most of 2024 IXIC led the way higher. Now in 2025 it’s the upside laggard or perhaps the downside leader. At the close of the 02/06/25 session this Tech heavy index was 2.00% below its all-time high.
Next up is the S&P 500 (SPX) – 3 – hour chart.
On 02/06/25 the SPX rallied into mid – session then had a sharp 30 – minute decline. Late in the session SPX completely retraced the sharp decline and ended the session near the high of the day. IXIC had a similar performance.
The final 3 – hour chart shows the Dow Jones Industrial Average (DJI).
At the open of the 02/06/25 session the DJI was close to exceeding the peak made on 01/31/25. This prior peak made on 01/31/25 came very close to making a new all-time high. Note that after the 02/06/25 open DJI trended down and underperformed the other two main indices. DJI ended the 02/06/25 session significantly below its intraday high.
On 02/06/25 DJI had a chance to take the upside lead and failed.
If two of the three main stock indices can make new all-time highs it could be a very important bullish signal.
Unless that happens U.S. stocks are vulnerable to a significant decline.
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