Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24
US House Prices Trend Forecast 2024 to 2026 - 11th Oct 24
US Housing Market Analysis - Immigration Drives House Prices Higher - 30th Sep 24
Stock Market October Correction - 30th Sep 24
The Folly of Tariffs and Trade Wars - 30th Sep 24
Gold: 5 principles to help you stay ahead of price turns - 30th Sep 24
The Everything Rally will Spark multi year Bull Market - 30th Sep 24
US FIXED MORTGAGES LIMITING SUPPLY - 23rd Sep 24
US Housing Market Free Equity - 23rd Sep 24
US Rate Cut FOMO In Stock Market Correction Window - 22nd Sep 24
US State Demographics - 22nd Sep 24
Gold and Silver Shine as the Fed Cuts Rates: What’s Next? - 22nd Sep 24
Stock Market Sentiment Speaks:Nothing Can Topple This Market - 22nd Sep 24
US Population Growth Rate - 17th Sep 24
Are Stocks Overheating? - 17th Sep 24
Sentiment Speaks: Silver Is At A Major Turning Point - 17th Sep 24
If The Stock Market Turn Quickly, How Bad Can Things Get? - 17th Sep 24
IMMIGRATION DRIVES HOUSE PRICES HIGHER - 12th Sep 24
Global Debt Bubble - 12th Sep 24
Gold’s Outlook CPI Data - 12th Sep 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Stock Market Indices Close Positive in Volatile Session

Stock-Markets / Stock Markets 2015 Apr 09, 2015 - 10:37 AM GMT

By: Harry_Boxer

Stock-Markets

The stock market indices had a very volatile, topsy-turvy day, unable to take out support or resistance, but had some violent swings in between on FOMC statement today.

The day started out with a pop to the upside, they then pulled back, the S&P 500 making lower lows, but the Nasdaq 100 refusing to, and then they popped. The Nasdaq 100 made nominal new highs, but the S&P 500 failed to confirm as well, and then they rolled over. The FOMC created a lot of volatility after first spiking down, and then exploding to the upside, making new highs for the day on the Nasdaq 100, but the S&P 500 failed to do so, and they pulled back. At the end of the day, they bounced to firm it up a little bit.


Net on the day, the Dow was up 27.09 at 17,902.51, 74 points off the high. The S&P 500 was up 5.57 at 2081.90, 5 points off its. The Nasdaq 100 was up 31.88 at 4375.96, 7 points off its high.

Advance-declines were 3 to 2 positive on the New York Stock Exchange, and 2 to 1 positive on Nasdaq. Up/down volume was 18 to 13 positive on New York, with total volume of 3.2 billion shares. Nasdaq traded 1 2/3 billion shares, and had a little better than 2 to 1 positive volume ratio.

TheTechTrader.com board was mixed today. Priceline.comIncorporated (PCLN) was up 7.27 to 1192.25, Google Inc. (GOOG) up 4.59 to 541.61, Amazon.com Inc. (AMZN) 6.79 to 381.20, and Netflix, Inc. (NFLX) exploded 17.89 to 441.35.

Tesla Motors, Inc. (TSLA) jumped 4.42 to 207.67.

One of our favorites swing trades exploded 2.71 to 18.10, or 17.6%, on 3 million shares. Ambarella, Inc. (AMBA) gained 1.57 to 74.38. FireEye, Inc. (FEYE), in a strong cyber-security sector ran 1.31 to 41. Neurocrine Biosciences Inc. (NBIX) thrust 1.89 to 42.09. Swing trade NewLink Genetics Corporation (NLNK) gained 2.85 to 56.79, closing near the highs for the day.

Regulus Therapeutics Inc. (RGLS) was up 1.99 to 17.94 on 2.5 million shares, SolarCity Corporation (SCTY) up 1.56 to 54.33, and Splunk, Inc. (SPLK) 1.28 to 63.37.

To the downside, there were no stocks down more than a point.

Checking the TheTechTrader.com percent-gain leaderboard, Chinese stocks were very strong today. All of the percent-gainers today, are Chinese stocks. Low-priced AirMedia Group Inc. (AMCN) spiked 79 cents to 2.84, or 38 1/2%, on 14.2 million shares, reaching as high as 3.70 earlier in the day. Sky-mobi Limited (MOBI) gained 65 cents to 4.71, or 16%, on 1 million shares. SouFun Holdings Ltd. (SFUN) advanced 77 cents to 7.39, or 12%, on 18.9 million shares.

Also a Chinese stock, iDreamSky Technology Limited (DSKY), up 1.46 to 8.65, or 20%, on 2.7 million shares.

Yanzhou Coal Mining Co. Ltd. (YZC) ran up to 12.17 before pulling back to 11.86, up 2.25, or 23%. YY Inc. (YY) climbed 8.20 to 63.86, or 15%, on 5.7 million shares. 500.com Limited (WBAI) bounced 1.96 to 16.43, or 13 1/2%, on 5.5 million shares. Juinmei International Holding Limited (JMEI) increased 1.64 to 17.67, or 10%, on 3.1 million shares.

Among other gainers, Mylan, Inc. (MYL), on takeover rumors for Perrigo, was up 8.79 to 68.36, ReWalk Robotics Ltd. (RWLK), on news of a Medicare reimbursement, up 1.21 to 14.02, Digital Ally Inc. (DGLY), on positive news, 1.40 to 14.00, and Second Sight Medical Products, Inc. (EYES) 1.38 to 14.00.

Stepping back and reviewing the hourly chart patterns, the indices were up, they were down, they were up, and they were back down again after spiking post-FOMC meeting. They pulled back and closed strong. It was a very volatile, consolidation day. Both support and resistance held. The jury is still out on what direction they are going to take from here.

Good Trading!

Harry

For more of Harry Boxer, sign up for a FREE 15-Day Trial to his Real-Time Technical Trading Diary. Or sign up for a Free 30-Day Trial to his Top Charts of the Week service.

(c) 2015 AdviceTrade, Inc. All rights reserved. Distributed only by written permission of AdviceTrade and The Technical Trader at info@advicetrade.com . In using any portion of Harry Boxer's content, you agree to the terms and conditions governing the use of the service as described in our disclaimer at http://www.thetechtrader.com

Mr. Boxer's commentaries and index analysis represent his own opinions and should not be relied upon for purposes of effecting securities transactions or other investing strategies, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. You should not interpret Mr. Boxer's opinions as constituting investment advice. Trades mentioned on the site are hypothetical, not actual, positions.

Harry Boxer Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in