Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22
Best Metaverse Tech Stocks Investing for 2022 and Beyond - 14th Jan 22
Gold Price Lagging Inflation - 14th Jan 22
Get Your Startup Idea Up And Running With These 7 Tips - 14th Jan 22
What Happens When Your Flight Gets Cancelled in the UK? - 14th Jan 22
How to Profit from 2022’s Biggest Trend Reversal - 11th Jan 22
Stock Market Sentiment Speaks: Are We Ready To Drop To 4400SPX? - 11th Jan 22
What's the Role of an Affiliate Marketer? - 11th Jan 22
Essential Things To Know Before You Set Up A Limited Liability Company - 11th Jan 22
NVIDIA THE KING OF THE METAVERSE! - 10th Jan 22
Fiscal and Monetary Cliffs Have Arrived - 10th Jan 22
The Meteoric Rise of Investing in Trading Cards - 10th Jan 22
IBM The REAL Quantum Metaverse STOCK! - 9th Jan 22
WARNING Failing NVME2 M2 SSD Drives Can Prevent Systems From Booting - Corsair MP600 - 9th Jan 22
The Fed’s inflated cake and a ‘quant’ of history - 9th Jan 22
NVME M2 SSD FAILURE WARNING Signs - Corsair MP600 1tb Drive - 9th Jan 22
Meadowhall Sheffield Christmas Lights 2021 Shopping - Before the Switch on - 9th Jan 22
How Does Insurance Work In Europe? Find Out Here - 9th Jan 22
MATTERPORT (MTTR) - DIGITIZING THE REAL WORLD - METAVERSE INVESTING 2022 - 7th Jan 22
Effect of Deflation On The Gold Price - 7th Jan 22
Stock Market 2022 Requires Different Strategies For Traders/Investors - 7th Jan 22
Old Man Winter Will Stimulate Natural Gas and Heating Oil Demand - 7th Jan 22
Is The Lazy Stock Market Bull Strategy Worth Considering? - 7th Jan 22
METAVERSE - NEW LIFE FOR SONY AGEING GAMING GIANT? - 6th Jan 2022
What Elliott Waves Show for Asia Pacific Stock and Financial Markets 2022 - 6th Jan 2022
Why You Should Register Your Company - 6th Jan 2022
4 Ways to Invest in Silver for 2022 - 6th Jan 2022
UNITY (U) - Metaverse Stock Analysis Investing for 2022 and Beyond - 5th Jan 2022
Stock Market Staving Off Risk-Off - 5th Jan 2022
Gold and Silver Still Hungover After New Year’s Eve - 5th Jan 2022
S&P 500 In an Uncharted Territory, But Is Sky the Limit? - 5th Jan 2022

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Stock Market Very Mixed Picture

Stock-Markets / Stock Markets 2016 Jan 06, 2017 - 12:02 PM GMT

By: Harry_Boxer

Stock-Markets

The stock market indices had a mixed session today, although at the end of the session they came on strong. The day started out with a pop to the upside for the Nasdaq 100, but the S&P 500 barely bounced. They barely came down in the morning, and the Nasdaq 100 held, although the S&P 500 made two lower lows. When the S&P 500 was not confirmed by the Nasdaq 100 by midday, they rallied, and rallied for the rest of the session. Not only that, the S&P 500 popped near 2270 at the close.


Net on the day, the Dow was down 42.87 at 19,899.29, about 88 points off the low. The S&P 500 was down 1.75 at 2269.00. The Nasdaq 100 was up 27.75 at 4964.95, just 3 points off the high.

Advance-declines were 16 to 13 negative on the New York Stock Exchange, and 17 to 12 negative on the Nasdaq. Up/down volume was 4 to 3 negative on New York, total volume 3.7 billion shares traded. The Nasdaq traded 1.75 billion shares and had a flat volume ratio.

TheTechTrader.com board was mixed. The Nasdaq general had a fairly decent participation. Priceline.com (PCLN) was up 16.41 to 1503.70, Alphabet Inc. (GOOG) up 7.12 to 794.02, Apple Inc. (AAPL) up 61 cents to 116.63, Amazon.com, Inc. (AMZN) 23.27 to 780.45, and Netflix, Inc. (NFLX) 2.40 to 131.81.

Baidu, Inc. (BIDU) jumped 5.51 to 177.47, Facebook, Inc. (FB) gained 1.98 to 120.67, but First Solar, Inc. (FSLR) gave back 29 cents to 33.88.

Tesla Motors, Inc. (TSLA) dropped 24 cents to 226.75.

The biotech stocks were mixed today, but Clovis Oncology Inc (CLVS) had a good day, up 1.66 to 46.33.

The Direxion Daily S&P Biotech Bull 3X ETF (LABU) was just above the zero line, closing up just a quarter to 36.53.

To the downside, Zumiez, Inc. (ZUMZ) had a difficult session, down 2.15 to 20.60. Argan, Inc. (AGX) was down 1.80 to 71.75, CoLucid Pharmaceuticals, Inc. (CLCD) down 2.75 to 32.95, NVIDIA Corporation (NVDA), continuing its recent weakness, 2.65 to 101.74, U.S. Concrete, Inc. (USCR) 1.75 to 63.50, United States Steel Corp. (X) 1.25 to 36.08, and XPO Logistics, Inc. (XPO) 1.43 to 43.71.

Checking TheTechTrader.com percent-gain leaderboard, EnteroMedics Inc. (ETRM) gained 1.88, or 90%, to 3.97, on nearly 20 million shares traded, 1,000% more volume than average.

Halozyme Therapeutics, Inc. (HALO) climbed 1.92, or 18%, to 12.61, on 16.8 million shares traded. Quantenna Communications, Inc. (QTNA) advanced 3.25, or 17%, to 22.88.

The Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG) ran 1.80, or 26%, to 8.74, on 77 million shares traded. The Direxion Daily Gold Miners Bull 3X ETF (NUGT) popped 1.56, or 18%, on 10.32, on 96.5 million shares traded.

Stepping back and reviewing the hourly chart patterns, the indices gapped up, ran up sharply on the Nasdaq 100, but not the S&P 500, and when they pulled back sharply late morning on the S&P 500, the Nasdaq 100 didn’t keep pace, and actually held the double-bottom support. That triggered a late-afternoon rally, that lasted into the afternoon and finished mixed, with the blue chips slightly low, but the Nasdaq 100 closed up on the day.

Good Trading!

Harry

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

(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