Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24
Stock Market Breadth - 24th Mar 24
Stock Market Margin Debt Indicator - 24th Mar 24
It’s Easy to Scream Stocks Bubble! - 24th Mar 24
Stocks: What to Make of All This Insider Selling- 24th Mar 24
Money Supply Continues To Fall, Economy Worsens – Investors Don’t Care - 24th Mar 24
Get an Edge in the Crypto Market with Order Flow - 24th Mar 24
US Presidential Election Cycle and Recessions - 18th Mar 24
US Recession Already Happened in 2022! - 18th Mar 24
AI can now remember everything you say - 18th Mar 24
Bitcoin Crypto Mania 2024 - MicroStrategy MSTR Blow off Top! - 14th Mar 24
Bitcoin Gravy Train Trend Forecast 2024 - 11th Mar 24
Gold and the Long-Term Inflation Cycle - 11th Mar 24
Fed’s Next Intertest Rate Move might not align with popular consensus - 11th Mar 24
Two Reasons The Fed Manipulates Interest Rates - 11th Mar 24
US Dollar Trend 2024 - 9th Mar 2024
The Bond Trade and Interest Rates - 9th Mar 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks - 9th Mar 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference - 9th Mar 2024
Stocks: What This "Record Extreme" Indicator May Be Signaling - 9th Mar 2024
My 3 Favorite Trade Setups - Elliott Wave Course - 9th Mar 2024
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Unusual Stock Market Mixed Session

Stock-Markets / Stock Market 2017 Mar 28, 2017 - 12:02 PM GMT

By: Harry_Boxer

Stock-Markets

The stock market indices had a very unusual day, with huge gaps down, they broke support, in the first fifteen minutes showed extreme volatility, and then took off and ran from 5316 NDX all the way up to 5583 by midday. The S&P 500 jumped from 2322 to 2344, backed and filled, and then tried to rally again. Only in the last fifteen minutes they backed off.


Net on the day, the Dow was down 45.74 at 20,550.98. The S&P 500 was down 2.39 at 2341.59, 20 points off the low. The Nasdaq 100 was up 10.28 at 5374.27, 60 points off the low.

Advance-declines were flat on the New York Stock Exchange, and 4 to 3 positive on the Nasdaq. Up/down volume was nearly flat on New York, total volume of 2.8 billion shares traded. The Nasdaq traded 1 1/2 billion shares and had a 9 to 5 positive volume ratio.

TheTechTrader.com board was mostly green. Priceline.com (PCLN) was up 18.89 to 1772.00, Alphabet Inc. (GOOG) up 5.08 to 819.51, Apple Inc. (AAPL) up 24 cents to 140.88, Amazon.com, Inc. (AMZN) 1.21 to 846.82, and Netflix, Inc. (NFLX) 2.04 to 144.06.

Baidu, Inc. (BIDU) gained 67 cents to 168.93, Facebook, Inc. (FB) closed flat, and First Solar, Inc. (FSLR) closed nearly flat, up just 8 cents to 28.23.

Tesla Motors, Inc. (TSLA) jumped 7.06 to 270.22.

The biotech’s were very strong today, NVIDIA Corporation (NVDA) was up 78 cents to 108.25, bluebird bio, Inc. (BLUE) up 5.95 to 94.05, Exact Sciences Corporation (EXAS) 1.91 to 22.99, Editas Medicine Inc. (EDIT) 1.43 to 20.69, and Achaogen, Inc. (AKAO) 90 cents to 21.78.

The Direxion Daily S&P Biotech Bull 3X ETF (LABU) popped 2.06 to 48.55.

Checking TheTechTrader.com percent-gain leaderboard, ZIOPHARM Oncology, Inc. (ZIOP) climbed 81 cents, or 14%, to 6.69, on 4.7 million shares traded.

Cancer Genetics, Inc. (CGIX) thrust 1.15, or 30%, to 5.05, on 3.5 million shares traded.

Cellect Biotechnology Ltd. (APOP) exploded 4.64, or 74%, to 10.90, on 9 million shares traded. Impax Laboratories Inc. (IPXL), on a new CEO, ran 3.45, or 37%, to 12.70, on 12 million shares traded.

Among other gainers, Pulse Biosciences, Inc. (PLSE) was up 2.98 to 33.32, Nova Measuring Instruments Ltd. (NVMI) up 1.96 to 18.77, and Cara Therapeutics Inc. (CARA) up 1.39 to 18.15.

Stepping back and reviewing the hourly chart patterns, the indices gapped down huge, and then rallied right back all the way until the end of the day when they pulled back, finishing mixed 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) 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