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
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - Part 2 - 3rd Dec 21
Stock Market Major Turning Point Taking Place - 3rd Dec 21
The Masters of the Universe and Gold - 3rd Dec 21
This simple Stock Market mindset shift could help you make millions - 3rd Dec 21
Will the Glasgow Summit (COP26) Affect Energy Prices? - 3rd Dec 21
Peloton 35% CRASH a Lesson of What Happens When One Over Pays for a Loss Making Growth Stock - 1st Dec 21
Stock Market Sentiment Speaks: I Fear For Retirees For The Next 20 Years - 1st Dec 21 t
Will the Anointed Finanical Experts Get It Wrong Again? - 1st Dec 21
Main Differences Between the UK and Canadian Gaming Markets - 1st Dec 21
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - 30th Nov 21
Omicron Covid Wave 4 Impact on Financial Markets - 30th Nov 21
Can You Hear It? That’s the Crowd Booing Gold’s Downturn - 30th Nov 21
Economic and Market Impacts of Omicron Strain Covid 4th Wave - 30th Nov 21
Stock Market Historical Trends Suggest A Strengthening Bullish Trend In December - 30th Nov 21
Crypto Market Analysis: What Trading Will Look Like in 2022 for Novice and Veteran Traders? - 30th Nov 21
Best Stocks for Investing to Profit form the Metaverse and Get Rich - 29th Nov 21
Should You Invest In Real Estate In 2021? - 29th Nov 21
Silver Long-term Trend Analysis - 28th Nov 21
Silver Mining Stocks Fundamentals - 28th Nov 21
Crude Oil Didn’t Like Thanksgiving Turkey This Year - 28th Nov 21
Sheffield First Snow Winter 2021 - Snowballs and Snowmen Fun - 28th Nov 21
Stock Market Investing LESSON - Buying Value - 27th Nov 21
Corsair MP600 NVME M.2 SSD 66% Performance Loss After 6 Months of Use - Benchmark Tests - 27th Nov 21
Stock Maket Trading Lesson - How to REALLY Trade Markets - 26th Nov 21
SILVER Price Trend Analysis - 26th Nov 21
Federal Reserve Asks Americans to Eat Soy “Meat” for Thanksgiving - 26th Nov 21
Is the S&P 500 Topping or Just Consolidating? - 26th Nov 21
Is a Bigger Drop in Gold Price Just Around the Corner? - 26th Nov 21
Financial Stocks ETF Sector XLF Pullback Sets Up A New $43.60 Upside Target - 26th Nov 21
A Couple of Things to Think About Before Buying Shares - 25th Nov 21
UK Best Fixed Rate Tariff Deal is to NOT FIX Gas and Electric Energy Tariffs During Winter 2021-22 - 25th Nov 21
Stock Market Begins it's Year End Seasonal Santa Rally - 24th Nov 21
How Silver Can Conquer $50+ in 2022 - 24th Nov 21
Stock Market Betting on Hawkish Fed - 24th Nov 21
Stock Market Elliott Wave Trend Forecast - 24th Nov 21
Your once-a-year All-Access Financial Markets Analysis Pass - 24th Nov 21
Did Zillow’s $300 million flop prove me wrong? - 24th Nov 21
Now Malaysian Drivers Renew Their Kurnia Car Insurance Online With - 24th Nov 21
Gold / Silver Ratio - 23rd Nov 21
Stock Market Sentiment Speaks: Can We Get To 5500SPX In 2022? But 4440SPX Comes First - 23rd Nov 21
A Month-to-month breakdown of how Much Money Individuals are Spending on Stocks - 23rd Nov 21
S&P 500: Rallying Tech Stocks vs. Plummeting Oil Stocks - 23rd Nov 21
Like the Latest Bond Flick, the US Dollar Has No Time to Die - 23rd Nov 21
Cannabis ETF MJ Basing & Volatility Patterns - 22nd Nov 21
The Most Important Lesson Learned from this COVID Pandemic - 22nd Nov 21
Dow Stock Market Trend Analysis - 22nd Nov 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Stock Market Rally Continues

Stock-Markets / Stock Markets 2010 Apr 30, 2010 - 01:51 AM GMT

By: Harry_Boxer


The stock market indices gapped up at the opening, broke through resistance, and ran hard, particularly on Nasdaq today, reaching 2045 on the Nasdaq 100 in the morning and around the 1208 area on the S&P 500. The next couple hours were spent moving sideways and consolidating, but support held all afternoon and they bounced in the last hour.

Net on the day, the Dow was up more than 122 points at 11,167.32, the S&P 500 up 15.42 at 1206.77, and Nasdaq 100 was up 35.30 at 2042.89.

Advance-declines were about 3 to 1 positive on the New York Stock Exchange and about 3 to 1 positive on Nasdaq as well. Up/down volume was 4 to 1 positive on New York on total volume of about 1.4 billion. Nasdaq traded just under 3 billion and had about a 2 to 1 positive ratio. board had a big day today. Particularly strong were Baidu, Inc. (BIDU), which was the star of the day on big earnings and a 10 to 1 split, up 88.49 at 709.87. Apple (AAPL) jumped 7.04 to 268.64. Dendreon (DNDN) after drug approval today had its trading halted. The stock gapped up 10.56, closing at 50.18, trading to nearly 52 in the aftermarket.

Goldman Sachs Group (GS) was up 3.23 at 160.24, Google (GOOG) up 2.81 to 532, and Akamai Technologies Inc. (AKAM), one of our big trades today, up 6.45 to 39.63. (AMZN) jumped 2.38 to 141.73, and RAIT Financial Trust (RAS) was a big percentage gainer today, up 1.12 to 4.27 on 14.7 million.

Other gainers of note: TiVo Inc. (TIVO) jumped 74 cents to 18.38, Las Vegas Sands Corp. (LVS) 90 cents to 26.05, Delcath Systems (DCTH) 33 cents to 16.18, and China Automotive (CAAS) 43 cents to 22.16.

Brigham Exploration (BEXP) had a big day today, up 89 cents to 19.40, but after the close it was trading at more than 20 1/2 on positive news. Acme Packet, Inc. (APKT) jumped 76 cents to 21.07, but was trading at over 25 in the aftermarket. American International Group (AIG) was up 72 cents today at 40.23.

On the downside, the ETFs suffered greatly. UltraShort Real Estate ProShares (SRS) fell 2.22 to 24.30, the Direxion Daily Emerging Markets Bear 3x (EDZ) 2.25 to 40.98, and the Direxion Daily Financial Bear 3x (FAZ) 83 cents to 11.42. The Direxion Daily Real Estate Bear 3X Shares (DRV) lost 98 cents to 6.27, a big loss there.

Eastman Kodak Co. (EK) on earnings rolled over hard, closing down 1.41 to 6.94.

Stepping back and reviewing the hourly chart patterns, the indices were up sharply all morning, consolidated in the afternoon, held support, and the rally continued today.

Good trading!


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) 2010 AdviceTrade, Inc. All rights reserved. Distributed only by written permission of AdviceTrade and The Technical Trader at . 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

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 - 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