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 Technically Mixed Session

Stock-Markets / Stock Markets 2016 Sep 02, 2016 - 07:44 AM GMT

By: Harry_Boxer

Stock-Markets

The stock market indices had a very interesting day. They were up at the opening, came down, tested yesterday’s lows successfully, although the S&P 500 made a lower low, and the Nasdaq 100 did not confirm. They then rallied sharply to midday, pulled back in the afternoon, and in the last hour they came back again to close mixed on the session.


Net on the day, the Dow was up 18.42 at 18,419.30. The S&P 500 was down .09 at 2170.86. The Nasdaq was up 12.88 at 4783.94.

Advance-declines were 15 1/2 to 14 negative on the New York Stock Exchange, and 15 to 13 positive on the Nasdaq. Up/down volume was 18 to 15 negative on New York, total volume of 3 1/3 billion shares traded. The Nasdaq traded 155 billion shares and had a 3 to 2 to positive volume ratio.

TheTechTrader.com board was mostly green. Priceline.com (PCLN) was up 1.86 to 1418.59, Google Inc. (GOOG) up 1.73 to 768.78, Apple Inc. (AAPL) up .63 to 106.73, Amazon.com Inc. (AMZN) 1.46 to 770.62, but Netflix, Inc. (NFLX) was down 9 cents to 97.36.

Baidu, Inc. (BIDU) jumped 5.55 to 176.62, Facebook, Inc. (FB) closed up a nickel to 126.17, and First Solar, Inc. (FSLR) popped 62 cents to 38.44.

Tesla Motors, Inc. (TSLA) ran straight up to 211.10 at the opening, and worked its way all the way down to 200.51, closing down 11.24 to 200.77, on concerns about the SolarCity merger.

Other stocks to the upside included NVIDIA Corporation (NVDA), showing phenomenal relative strength today, was up 1.81 to 63.15, and ANI Pharmaceuticals, Inc. (ANIP) up 1.68 to 61.42.

On the downside, the only other stock down more than a point was Clovis Oncology Inc (CLVS), down 1.19 to 23.58.

Checking TheTechTrader.com percent-gain leaderboard, Acacia Research Corporation (ACTG) popped 84 cents, or 4%, to 6.82, on 2.4 million shares traded.

Impinj, Inc. (PI) advanced 4.75, or 21%, to 27.57, on 2.1 million shares traded. Oxford Industries Inc. (OXM) gained 10.02, or 16%, on 72.43. Aquinox Pharmaceuticals Inc. (AQXP) bounced 1.62, or 15%, to 12.24, on 2.6 million shares traded.

The Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG) had an interesting day up 2.20, or 14%, to 18.23, on 17.7 million shares traded. The Direxion Daily Gold Miners Bull 3X ETF (NUGT) up 1.99, or 11%, to 19.78, on 34.8 million shares traded. <among other="" gainers,="" karyopharm="" therapeutics,="" inc.="" (kpti)="" was="" up="" 1.15="" to="" 11.10,="" and="" ollie's="" bargain="" outlet="" holdings,="" (olli)="" 2.24="" 27.88,="" the="" velocityshares="" 3x="" inverse="" crude="" oil="" etn="" (dwti)="" bounced="" 7.18="" 94.84,="" proshares="" ultrashort="" bloomberg="" (sco)="" ran="" 5.23="" 100.07.

Stepping back and reviewing the hourly chart patterns, the indices were up early, down sharply midmorning, back up sharply by early afternoon, only to pullback again late in the day until the last hour when they snapped back to finish positive in general, but it was a mixed session technically as well. Still in the down trend over the last several sessions, looks like an orderly one. We’ll have to see whether it accelerates downward or comes out of this unscathed and extends the rally.

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

© 2005-2022 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