Nasdaq down 0.19%

The US stock market is opening a touch lower with the S&P index down -0.27% and the NASDAQ index down -0.19%. The Dow industrial average is lower by 0.36%.

The 100 hour MA comes in at 2177.37 in the S&P. The price is trading near that level. Keep an eye on that area. It may tilt the bias as the day progresses.

European stocks are also lower on the day with the euro stock index down -0.55%, the German DAX down -0.76 and the French CAC index down -0.4%. The UK FTSE is also lower by -0.56%.

Oil prices area lower (so are energy stocks). Oil is trading at $47.14 down 2.84%.