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 Rebounds from Crash Low Amidst Extreme Volatility

Stock-Markets / Stock Markets 2015 Sep 11, 2015 - 11:18 AM GMT

By: Harry_Boxer

Stock-Markets

The stock market indices had a very volatile, difficult day today. The day started out with a move up. They continued upward in a 5-wave advance until early afternoon when they spiked. At that point, they completed the 5-wave advance near resistance, and then pulled back in a 5-wave decline, only to snapback into the close and finish with a positive day.

It was a tough session to trade stocks today.


Net on the day, the Dow was up 78.83 at 16,330.40, 118 off the low. The S&P 500 was up 10.25 to 1952.29, 15 points off the low and 13 points off the high. The Nasdaq 100 was up 42.85 to 4296.30, 50 points off the low and 30 points off the high.

Advance-declines were 16 to 14 positive on New York Stock Exchange and 16 to 11 positive on Nasdaq. Up/down volume was 4 to 3 positive on New York, with total volume of 3 1/2 billion shares. Nasdaq traded 1.9 billion shares, and had a 2 to 1 positive volume ratio.

TheTechTrader.com board was mixed but higher. Priceline.com (PCLN) was up 11.02 to 1287.74, Google Inc. (GOOG) up 8.63 to 621.35, Apple Inc. (AAPL) up 2.42 to 112.57, Amazon.com Inc. (AMZN) 5.35 to 522.24, and Netflix, Inc. (NFLX) up just 30 cents to 99.48.

Tesla Motors, Inc. (TSLA) dropped 53 cents to 248.38.

Facebook, Inc. (FB) was up 1.54 to 91.98, Juno Therapeutics Inc. (JUNO) up 2.19 to 40.43, SolarCity Corporation (SCTY) 1.01 to 48.12, and NewLink Genetics Corporation (NLNK) 2.87 to 49.19.

On the downside, losers included Energy Focus, Inc. (EFOI), down 4.84 to 23.00, and after the close announced secondary trading at 21.00. Fitbit Inc. (FIT) started out pretty good, but as the day progressed, it just kept going lower and lower until it was down 1.72 to 34.23, and Mobileye N.V. (MBLY), after earnings, continued to drop, down 3.79 to 44.57.

Akebia Therapeutics, Inc. (AKBA), which exploded recently, turned it around and dipped under 10.00 today, down 1.69 to 9.67. Sigma Designs (SIGM) shot up at the opening and then went nearly straight down and formed a base the rest of the afternoon, down 1.92 to 8.71, but reached as high as 11.47 earlier in the day.

Quite a reversal day there.

Checking the TheTechTrader.com percent-gain leaderboard, Midstates Petroleum Company, Inc. (MPO) bounced 93 cents to 6.35.

Sangamo Biosciences Inc. (SGMO) thrust 1.42 to 7.96, or 22%, on 9 million shares traded.

Straight Path Communications Inc. (STRP) gained 8.94 to 37.25, or 32%, on 1 million shares. This stock has doubled in three days. ZS Pharma, Inc. (ZSPH) jumped 16.54 to 74.73, or 28%, on 6.7 million shares. aTyr Pharma Inc. (LIFE) advanced 3.00 to 18.43, or 19%. Advaxis, Inc. (ADXS) had a good day, up 2.10 to 15.96, or 15%, on 1.1 million shares.

Among other gainers, Inteliquent, Inc. (IQNT) was up 1.74 to 20.77, FibroGen, Inc. (FGEN), in a strong biotech group, up 1.87 to 28.00, YRC Worldwide Inc. (YRCW) 1.11 to 16.29, Clovis Oncology, Inc. (CLVS) 8.21 to 104.26, and Palo Alto Networks, Inc. (PANW), on earnings, 12.23 to 177.40.

Stepping back and reviewing the hourly chart patterns, the indices were strong in the morning, consolidated midday, popped sharply early afternoon, and then came down pretty hard, taking back a big chunk of the gains, before a late bounce put them solidly in the green for a positive session, but it was a tough road.

Let's see how it goes tomorrow.

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