This technology index has just broke a big line as members such as Amazon, Nvidia and Tesla continued

Technological stocks continue in the short circle.

Nasdak 100 (^ NdxLess than the main moving average for 200 days ended last week for the first time in nearly two years, according to data from the market strategy expert in creative planning Charlie Bellelo. The 200 -day moving average is a technical measure of long -term feelings on an index or stock.

It was distinguished by the end of the second coach in the history of Nasdaq 100 in 497 days. During this extension, NASDAQ achieved 100 revenues by 73 %.

NASDAQ 100 contains the largest companies that are active in the NASDAQ Stock Exchange. It includes some of the largest momentum names in technology, such as Balnter (Fungi), Nvidia (Nvda), Amazon (amzn), The alphabet (Goog), Intel (Intc), Microsoft (Msft), Tesla (Timing) And Apple (Aapl).

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It also includes consumers such as Starbucks (astonishmentCostco (Assign).

Pelelo’s work shows the tallest race in NASDAQ 100 over the 200 -day moving average, 572 days from July 6, 2016 to October 10, 2018. The return of this period was 58 %.

The broader NASDAQ compound entered the correction area last week, which was defined as a 10 % decrease or more than the highest modern level. The index closed the week by 3.6 %, while the S&P 500 (^GspcThe worst weekly performance has been recorded since September.

“We get a one -month correction every 12 months, and this time, driven by definitions,” I told SENA SMITH from Yahoo Finance.

The market passes an approximate correction in March as investors Digestion of a wave of addresses related to definitions.

Definitions on China, Mexico and Canada From the Trump administration it can hurt the profits of companies this year, says experts. In exchange for such a background, investors sell high -value technology shares and are in more defensive names in health care or companies that pay strong profits.

Read more: What does Trump’s tariff mean for the economy and your wallet?

For some previous technology names, sales have become very clear.

Amazon, alphabet, Microsoft, NVIDIA, and Tesla are all 10 % or more than their highest levels for 52 weeks.

Losses of the NVIDIA market from its high record in January reached 1 trillion dollars. The losses accelerated in the wake of a Report of the fourth quarter profits, which investors only considered as well.

“We believe that their investors are very benign in the interpretation of possible new policies and their impact on US profits,” said Adam Parker, the founder of research in Trevarete.

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