Best of the Week
Most Popular
1. The Trump Stock Market Trap May Be Triggered - Barry_M_Ferguson
2.Why are Central Banks Buying Gold and Dumping Dollars? - Richard_Mills
3.US China War - Thucydides Trap and gold - Richard_Mills
4.Gold Price Trend Forcast to End September 2019 - Nadeem_Walayat
5.Money Saving Kids Gardening Growing Giant Sunflowers Summer Fun - Anika_Walayat
6.US Dollar Breakdown Begins, Gold Price to Bolt Higher - Jim_Willie_CB
7.INTEL (INTC) Stock Investing to Profit From AI Machine Learning Boom - Nadeem_Walayat
8.Will Google AI Kill Us? Man vs Machine Intelligence - N_Walayat
9.US Prepares for Currency War with China - Richard_Mills
10.Gold Price Epochal Breakout Will Not Be Negated by a Correction - Clive Maund
Last 7 days
Gold Price Trend Validation - 22nd Aug 19
Economist Lays Out the Next Step to Wonderland for the Fed - 22nd Aug 19
GCSE Exam Results Day Shock! How to Get 9 A*'s Grade 9's in England and Maths - 22nd Aug 19
KEY WEEK FOR US MARKETS, GOLD, AND OIL - Audio Analysis - 22nd Aug 19
USD/JPY, USD/CHF, GBP/USD Currency Pairs to Watch Prior to FOMC Minutes and Jackson Hole - 22nd Aug 19
Fed Too Late To Prevent US Real Estate Market Crash? - 22nd Aug 19
Retail Sector Isn’t Dead. It’s Growing and Pays 6%+ Dividends - 22nd Aug 19
FREE Access EWI's Financial Market Forecasting Service - 22nd Aug 19
Benefits of Acrobits Softphone - 22nd Aug 19
How to Protect Your Site from Bots & Spam? - 21st Aug 19
Fed Too Late To Prevent A US Housing Market Crash? - 21st Aug 19
Gold and the Cracks in the U.S., Japan and Germany’s Economic Data - 21st Aug 19
The Gold Rush of 2019 - 21st Aug 19
How to Play Interest Rates in US Real Estate - 21st Aug 19
Stocks Likely to Breakout Instead of Gold - 21st Aug 19
Top 6 Tips to Attract Followers On SoundCloud - 21st Aug 19
WAYS TO SECURE YOUR FINANCIAL FUTURE - 21st Aug 19
Holiday Nightmares - Your Caravan is Missing! - 21st Aug 19
UK House Building and House Prices Trend Forecast - 20th Aug 19
The Next Stock Market Breakdown And The Setup - 20th Aug 19
5 Ways to Save by Using a Mortgage Broker - 20th Aug 19
Is This Time Different? Predictive Power of the Yield Curve and Gold - 19th Aug 19
New Dawn for the iGaming Industry in the United States - 19th Aug 19
Gold Set to Correct but Internals Remain Bullish - 19th Aug 19
Stock Market Correction Continues - 19th Aug 19
The Number One Gold Stock Of 2019 - 19th Aug 19
The State of the Financial Union - 18th Aug 19
The Nuts and Bolts: Yield Inversion Says Recession is Coming But it May take 24 months - 18th Aug 19
Markets August 19 Turn Date is Tomorrow – Are You Ready? - 18th Aug 19
JOHNSON AND JOHNSON - JNJ for Life Extension Pharma Stocks Investing - 17th Aug 19
Negative Bond Market Yields Tell A Story Of Shifting Economic Stock Market Leadership - 17th Aug 19
Is Stock Market About to Crash? Three Charts That Suggest It’s Possible - 17th Aug 19
It’s Time For Colombia To Dump The Peso - 17th Aug 19
Gold & Silver Stand Strong amid Stock Volatility & Falling Rates - 16th Aug 19
Gold Mining Stocks Q2’19 Fundamentals - 16th Aug 19
Silver, Transports, and Dow Jones Index At Targets – What Direct Next? - 16th Aug 19
When the US Bond Market Bubble Blows Up! - 16th Aug 19
Dark days are closing in on Apple - 16th Aug 19
Precious Metals Gone Wild! Reaching Initial Targets – Now What’s Next - 16th Aug 19
US Government Is Beholden To The Fed; And Vice-Versa - 15th Aug 19
GBP vs USD Forex Pair Swings Into Focus Amid Brexit Chaos - 15th Aug 19
US Negative Interest Rates Go Mainstream - With Some Glaring Omissions - 15th Aug 19
GOLD BULL RUN TREND ANALYSIS - 15th Aug 19
US Stock Market Could Fall 12% to 25% - 15th Aug 19
A Level Exam Results School Live Reaction Shock 2019! - 15th Aug 19
It's Time to Get Serious about Silver - 15th Aug 19
The EagleFX Beginners Guide – Financial Markets - 15th Aug 19

Market Oracle FREE Newsletter

The No 1 Gold Stock for 2019

Mixed to Slightly Positive Stock Market Session

Stock-Markets / Stock Markets 2016 Apr 01, 2016 - 09:48 AM GMT

By: Harry_Boxer

Stock-Markets

The stock market indices had an unusual day. First they were up in the morning, by midday they reached their peak, and came down hard. By midafternoon they reached their bottom, and then rallied in the last hour, only to pull back at the close to finish down on the day.

Net on the day, the Dow was down 31.57 at 17,685.09. The S&P 500 was down 4.21 to 2059.74. The Nasdaq 100 was down 7.22 to 4483.66.


Advance-declines were positive by 314 issues on the New York Stock Exchange, and 2 to 1 positive on the Nasdaq. Up/down volume was 18 to 17 positive on New York, total volume of 3 1/2 billion shares traded. The Nasdaq traded 45 issues lower and had a 9 to 8 positive volume ratio.

TheTechTrader.com board was mixed as well, but the big boys on Nasdaq did not have a nice time. Priceline.com (PCLN) was down 28.07 to 1288.96, Google Inc. (GOOG) down 5.58 to 744.95, Apple Inc. (AAPL) down just 57 cents to 108.99, Amazon.com Inc. (AMZN) 5.05 to 593.64, and Netflix Inc. (NFLX) was up, but by just 4 cents to 102.23.

Baidu, Inc. (BIDU) was up 1.00 to 191.88, First Solar, Inc. (FSLR) down 50 cents to 68.47, and Facebook, Inc. (FB) down 60 cents to 114.10.

Tesla Motors, Inc. (TSLA) had a pretty good day, up 2.88 to 229.77.

The biotech’s had a very good day, surprisingly. Juno Therapeutics Inc. (JUNO) was up 1.16 to 38.09, ACADIA Pharmaceuticals Inc. (ACAD) up 1.95 to 27.96, and NewLink Genetics Corporation (NLNK) 1.04 to 18.20.

The Direxion Daily S&P Biotech Bull 3X ETF (LABU) ran 2.29 to 27.42.

Checking the TheTechTrader.com percent-gain leaderboard, the big winner today was Genocea Biosciences, Inc. (GNCA), up 3.77 to 7.74, or 95%, on 22 million shares, and traded to 8.45 in afterhours. That was 5500% more volume than average. Sky Solar Holdings, Ltd. (SKYS) thrust 1.03 to 2.26, or 84%, on 2.6 million shares. ProQR Therapeutics N.V. (PRQR) gained 1.24 to 4.88, or 35%, on 2 million shares.

Medivation, Inc. (MDVN) had a beautiful session, running up to 46.87, before pulling back to close up 8.59 to 45.98, or 23%, on 16 million shares. Santander Consumer USA Holdings Inc. (SC) jumped 1.61 to 10.50, or 18%, on 8.6 million shares. Dynagas LNG Partners LP (DLNG) climbed 1.78 to 11.40, or 18.5%. SciClone Pharmaceuticals, Inc. (SCLN) advanced 1.33 to 11.00, or 14%, on 2.4 million shares. Fitbit Inc. (FIT) coasted its way up, up 1.75 to 15.15, or 13%, on 21 million shares.

Among other gainers, Inogen, Inc. (INGN) was up 2.97 to 44.98, bluebird bio, Inc. (BLUE) up 2.50 to 42.50, Neurocrine Biosciences Inc. (NBIX) up 2.40 to 39.55, and Incyte Corporation (INCY) 4.12 to 72.47.

Primo Water Corporation (PRMW) had an interesting day, up 63 cents to 10.09.

Stepping back and reviewing the hourly chart patterns, the indices started the day with a rally, they pulled back midmorning, got to the session highs midday, and then rolled over pretty hard, even taking out important support slightly before the rally late in the day, and in the last 5-10 minutes they really saw a little bit of a hard pullback into the close to finish negative on the day.

Let’s see what happens 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) 2016 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

© 2005-2019 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

6 Critical Money Making Rules