The stock market indices churned and were choppy all day, and at the end of the day they sold off after the tax plan was released, but loses were very minor after a couple big days to the upside.

Net on the day, the Dow was down 21.03 at 20,975,09, about 90 points off the high. The S&P 500 was down 1.16 at 2387.45, 11 points off the high. The Nasdaq 100 was down 7.11 at 5541.09, 22 points off the high.

Advance-declines were 17 to 12 1/2 positive on the New York Stock Exchange, and 17 to 11 positive the Nasdaq. Up/down volume was 20 to 19 positive on New York, total volume of 4 billion shares traded. The Nasdaq traded just under 1 3/4 billion shares and had a 91 to 87 positive volume ratio.

They were barely positive at the end of the day, giving back quite a chunk, and a lot of stocks we follow went into the red.

TheTechTrader.com board was very mixed. Priceline.com (PCLN) was up 5.03 to 1804.12, Amazon.com, Inc. (AMZN) up 1.67 to 909.29, but Alphabet Inc. (GOOG) was down 68 cents to 871.62, Apple Inc. (AAPL) down 88 cents to 143.65, and Netflix, Inc. (NFLX) down 1.99 to 150.17.

Baidu, Inc. (BIDU) dropped 32 cents to 186.67, Facebook, Inc. (FB) closed nearly flat, up just 7 cents to 146.56, and First Solar, Inc. (FSLR) ran 1.45 to 28.99.

Tesla Motors, Inc. (TSLA) lost 3.62 to 310.17.

Other stocks to the upside included Akebia Therapeutics, Inc. (AKBA), up 3.13 to 12.50, Kite Pharma, Inc. (KITE) up 2.23 to 82.80, and Medidata Solutions, Inc. (MDSO), one of our swing trades, up 3.80 to 67.14, reaching a high of 69.68 earlier in the day.

On the downside, Shopify Inc. (SHOP) was down 2.53 to 74.12, and United States Steel Corp. (X), on a bad earnings report, dropped a whopping 8.33 to 22.78, on 3.6 million shares traded.

Checking TheTechTrader.com percent-gain leaderboard, Rocket Fuel Inc. (FUEL) thrust 64 cents, or 13%, to 5.60, on 5.4 million shares traded. Conatus Pharmaceuticals Inc. (CNAT) climbed 74 cents, or 10%, to 8.26, on 1.7 million shares traded.

Conns Inc. (CONN) gained 2.70, or 18%, to 17.50, on 2.9 million shares traded. iRobot Corporation (IRBT) jumped 10.88, or 16%, to 80.02, on 3.6 million shares traded, on earnings. Fiat Chrysler Automobiles N.V. (FCAU) bumped 1.11, or 11%, to 11.65, on 24 million shares traded.

Edwards Lifesciences Corp. (EW) popped 10.38, or 11%, to 109.30, on 7.7 million shares traded.

Among other gainers, Twitter, Inc. (TWTR) was up 1.16 to 15.82, and Akari Therapeutics, Plc (AKTX) 1.21 to 16.46.

The VelocityShares 3x Long Natural Gas ETN (UGAZ) closed up 1.70 to 20.43.

Stepping back and reviewing the hourly chart patterns, the indices had a very choppy day. First, they were up at the opening, came down sharply, bounced, came down even further to the session lows by late morning, and then they rallied in the afternoon, but could not get through the highs. The S&P 500 was equally at session highs this morning, but the Nasdaq 100 failed to do so. When that happened, they rolled over, and finished near the lows for the day.

Not a good day, but not too bad as a pullback after the big two days had to be expected.

Good Trading!

Harry

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