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
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
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

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

All-Time Closing Highs for the NDX Tek Stocks Index

Stock-Markets / Tech Stocks May 26, 2017 - 10:57 AM GMT

By: Harry_Boxer

Stock-Markets

The stock market indices had gains today, only a late selloff prevented them from all-time highs, but they actually did close at all-time closing highs. The day started out with a big pop to the upside, particularly on the Nasdaq 100 when they went higher in a 5-wave advance. Only at that point, at 5793 did they start to give the Nasdaq 100 a late, 3-wave corrective pullback. It reached 5776, a loss of about 17 points in the last hour. The S&P 500, within 20 minutes of the close, was making a new high at 2418, but did pull back, However, they did close solidly in the green column at the end of the day.


Net on the day, the Dow was up 70.53 at 21,082.95. The S&P 500 was up 10.68 at 2415.07. The Nasdaq 100 was up 48.07 at 5778.37.

Advance-declines were 15 to 14 positive on the New York Stock Exchange, and 15 to 13 positive on the Nasdaq. Up/down volume was 4 to 3 negative on New York, total volume of 3 1/2 billion shares traded. The Nasdaq traded 2 billion shares and had an 11 to 6 positive volume ratio.

TheTechTrader.com board was led by the Nasdaq Generals. Priceline.com (PCLN) had another very good day today, up 11.69 to 1860.43, Alphabet Inc. (GOOG), reaching a new all-time high at 972.63, was up a whopping 14.58 to 969.54, Apple Inc. (AAPL) up 53 cents to 153.87, Amazon.com, Inc. (AMZN) up 13.03 to 993.38, and Netflix, Inc. (NFLX), reaching a new all-time high, 5.30 to 163.05.

Baidu, Inc. (BIDU) gained 1.32 to 191.95, Facebook, Inc. (FB) snapped back 1.92 to 151.96, but First Solar, Inc. (FSLR) dropped 96 cents to 37.94.

Tesla Motors, Inc. (TSLA) jumped 6.61 to 316.83.

Other stocks to the upside included Check Point Software Technologies Ltd. (CHKP), reaching a new 17-year high, up 1.45 to 111.40, Kite Pharma, Inc. (KITE) up 3.25 to 74.91, and Teladoc, Inc. (TDOC), one of our swing trades, 1.40 to 30.50.

On the downside, The Direxion Daily S&P Biotech Bull 3X ETF (LABU) dropped 75 cents to 47.54.

Achaogen, Inc. (AKAO) was down 1.57 to 22.08, Calithera Biosciences, Inc. (CALA) down 1.25 to 15.30, and Medidata Solutions, Inc. (MDSO) down 1.00 to 72.16 Eagle Pharmaceuticals Inc. (EGRX) lost 2.49 to 73.89

Checking TheTechTrader.com percent-gain leaderboard, New Age Beverages Corporation (NBEV) bounced 83 cents, or 15%, to 6.27, on 1.3 million shares traded.

BioCryst Pharmaceuticals, Inc. (BCRX) advanced 1.60, or 31%, to 6.73, on 27 million shares traded

The big winner of the day was Aerie Pharmaceuticals, Inc. (AERI), on positive drug news, jumped 13.75, or 34%, to 54.25, on 6.6 million shares traded. Best Buy Co., Inc. (BBY) popped 10.83, or 22%, to 61.25, on 33.4 million shares traded on a strong earnings report. JinkoSolar Holding Co., Ltd. (JKS) climbed 2.16, or 11%, to 21.46, on 2.3 million shares traded.

The VelocityShares 3x Inverse Crude (DWT) ran 4.03, or 16%, to 29.70, on 6.2 million shares traded.

Stepping back and reviewing the hourly chart patterns, the indices gapped up, ran sharply, and that’s where they diverged a bit as the S&P 500 failed to make new highs this late in the session. The Nasdaq Generals led the market straight up all day until the last hour when they pulled back.

Let’s see what happens tomorrow, but the markets are really extended here.

Good Trading!

Harry

For more of Harry Boxer, sign up for a FREE 7-Day Trial to his Real-Time Technical Trading Diary.

(c) 2017 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