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
Inflation and the Crazy Crypto Markets - 23rd Oct 21
Easy PC Upgrades with Motherboard Combos - Overclockers UK Unboxing - MB, Memory and Ryzen 5600x CPU - 23rd Oct 21
Gold Mining Stocks Q3 2021 - 23rd Oct 21
Gold calmly continues cobbling its Handle, Miners lay in wait - 23rd Oct 21
US Economy Has Been in an Economic Depression Since 2008 - 22nd Oct 21
Extreme Ratios Point to Gold and Silver Price Readjustments - 22nd Oct 21
Bitcoin $100K or Ethereum $10K—which happens first? - 22nd Oct 21
This Isn’t Sci-Fi: How AI Is About To Disrupt This $11 Trillion Industry - 22nd Oct 21
Ravencoin RVN About to EXPLODE to NEW HIGHS! Last Chance to Buy Before it goes to the MOON! - 21st Oct 21
Stock Market Animal Spirits Returning - 21st Oct 21
Inflation Advances, and So Does Gold — Except That It Doesn’t - 21st Oct 21
Why A.I. Is About To Trigger The Next Great Medical Breakthrough - 21st Oct 21
Gold Price Slowly Going Nowhere - 20th Oct 21
Shocking Numbers Show Government Crowding Out Real Economy - 20th Oct 21
Crude Oil Is in the Fast Lane, But Where Is It Going? - 20th Oct 21
3 Tech Stocks That Could Change The World - 20th Oct 21
Best AI Tech Stocks ETF and Investment Trusts - 19th Oct 21
Gold Mining Stocks: Will Investors Dump the Laggards? - 19th Oct 21
The Most Exciting Medical Breakthrough Of The Decade? - 19th Oct 21
Prices Rising as New Dangers Point to Hard Assets - 19th Oct 21
It’s not just Copper; GYX indicated cyclical the whole time - 19th Oct 21
Chinese Tech Stocks CCP Paranoia, VIES - Variable Interest Entities - 19th Oct 21
Inflation Peaked Again, Right? - 19th Oct 21
Gold Stocks Bouncing Hard - 19th Oct 21
Stock Market New Intermediate Bottom Forming? - 19th Oct 21
Beware, Gold Bulls — That’s the Beginning of the End - 18th Oct 21
Gold Price Flag Suggests A Big Rally May Start Soon - 18th Oct 21
Inflation Or Deflation – End Result Is Still Depression - 18th Oct 21
A.I. Breakthrough Could Disrupt the $11 Trillion Medical Sector - 18th Oct 21
US Economy and Stock Market Addicted to Deficit Spending - 17th Oct 21
The Gold Price And Inflation - 17th Oct 21
Went Long the Crude Oil? Beware of the Headwinds Ahead… - 17th Oct 21
Watch These Next-gen Cloud Computing Stocks - 17th Oct 21
Overclockers UK Custom Built PC 1 YEAR Use Review Verdict - Does it Still Work? - 16th Oct 21
Altonville Mine Tours Maze at Alton Towers Scarefest 2021 - 16th Oct 21
How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
The Only way to Crush Inflation (not stocks) - 14th Oct 21
Why "Losses Are the Norm" in the Stock Market - 14th Oct 21
Sub Species Castle Maze at Alton Towers Scarefest 2021 - 14th Oct 21
Which Wallet is Best for Storing NFTs? - 14th Oct 21
Ailing UK Pound Has Global Effects - 14th Oct 21
How to Get 6 Years Life Out of Your Overclocked PC System, Optimum GPU, CPU and MB Performance - 13th Oct 21
The Demand Shock of 2022 - 12th Oct 21
4 Reasons Why NFTs Could Be The Future - 12th Oct 21
Crimex Silver: Murder Most Foul - 12th Oct 21
Bitcoin Rockets In Preparation For Liftoff To $100,000 - 12th Oct 21
INTEL Tech Stock to the MOON! INTC 2000 vs 2021 Market Bubble WARNING - 11th Oct 21
AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
Stock Market Wall of Worry Meets NFPs - 11th Oct 21
Stock Market Intermediate Correction Continues - 11th Oct 21
China / US Stock Markets Divergence - 10th Oct 21
Can US Save Taiwan From China? Taiwan Strait Naval Battle - PLA vs 7th Fleet War Game Simulation - 10th Oct 21
Gold Price Outlook: The Inflation Chasm Between Europe and the US - 10th Oct 21
US Real Estate ETFs React To Rising Housing Market Mortgage Interest Rates - 10th Oct 21
US China War over Taiwan Simulation 2021, Invasion Forecast - Who Will Win? - 9th Oct 21
When Will the Fed Taper? - 9th Oct 21
Dancing with Ghouls and Ghosts at Alton Towers Scarefest 2021 - 9th Oct 21
Stock Market FOMO Going into Crash Season - 8th Oct 21
Scan Computers - Custom Build PC 6 Months Later, Reliability, Issues, Quality of Tech Support Review - 8th Oct 21
Gold and Silver: Your Financial Main Battle Tanks - 8th Oct 21
How to handle the “Twin Crises” Evergrande and Debt Ceiling Threatening Stocks - 8th Oct 21
Why a Peak in US Home Prices May Be Approaching - 8th Oct 21
Alton Towers Scarefest is BACK! Post Pandemic Frights Begin, What it's Like to Enter Scarefest 2021 - 8th Oct 21
AJ Bell vs II Interactive Investor - Which Platform is Best for Buying US FAANG Stocks UK Investing - 7th Oct 21
Gold: Evergrande Investors' Savior - 7th Oct 21
Here's What Really Sets Interest Rates (Not Central Banks) - 7th Oct 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Stock Market Indices Give Back Early Gains to Close Negative

Stock-Markets / Stock Markets 2015 Apr 08, 2015 - 09:46 AM GMT

By: Harry_Boxer

Stock-Markets

The stock market had a very strong start to the day, and a 3-wave move up that took the indices from 4350 Nasdaq 100 to nearly 4380 and the S&P 500 from 2081 to 2090. They pulled back midday to consolidate, but at the end of the day, without breaking out the formidable declining topsline, it became quite difficult to get through. They rolled over hard in the last hour, taking the Nasdaq from 4372 to 4344, and the S&P 500 from 2088 to 2076. They closed negative, giving back the entire gains of the day. The formidable overhead resistance at the 4380-84 zone Nasdaq 100 and near the 2090 area on the S&P 500 become too much for the stocks to overcome.


Net on the day, the Dow was down 5.43 at 17,875.42, 108 points off the high. The S&P 500 was down 4.29 at 2076.33, 13 points off its high. The Nasdaq 100 was down 6.90 at 4344.80, 35 points off its high.

Advance-declines were 17 to 13 1/2 negative on the New York Stock Exchange, and 14 to 12 1/2 negative on Nasdaq. Up/down volume was 16 to 13 negative on New York, with total volume of 3 billion shares. Nasdaq traded a little over 1.5 billion shares, and had a 79 to 73 negative volume ratio.

TheTechTrader.com board was very mixed. The only large-cap stocks to the upside were Google Inc. (GOOG), up just 26 cents to 537.02, and Netflix, Inc. (NFLX), up 1.15 to 423.46.

Cyber-Ark Software Ltd. (CYBR) was the leader today, up 4.47 to 59.45. Twitter, Inc. (TWTR), on talks about takeover rumor, was up 2.03 to 52.87. Splunk, Inc. (SPLK) was up 1.91 to 62.09, NewLink Genetics Corporation (NLNK) 1.09 to 53.94, and Neurocrine Biosciences Inc. (NBIX) 1.10 to 40.20.

On the downside, Priceline.com Incorporated (PCLN) closed nearly flat, down just 3 cents. Apple Inc. (AAPL) closed near the lows for the day, down 1.34 to 126.01, and Amazon.com Inc. (AMZN) gave back 2.63 to 374.41.

Most of the stocks that we follow were very narrowly mixed at the end of the day.

Checking the TheTechTrader.com percent-gain leaderboard, Merge Healthcare Incorporated (MRGE) gained 66 cents to 5.23, or 14.4%, on 1.8 million shares. BIND Therapeutics, Inc. (BIND) closed up 65 cents to 6.32, or 11%, on 5.4 million shares. RADA Electronic Industries Ltd. (RADA) thrust 26 cents to 2.69, or 11%, on 1.3 million shares.

PostRock Energy Corporation (PSTR), on an insider buy, jumped 2.53 to 4.35, or 139%, on 2.3 million shares, 4700% more volume than average.

500.com Limited (WBAI) ran 2.18 to 14.47, or 17 3/4%, on 10 million shares. Hooker Furniture Corp. (HOFT), on earnings, advanced 2.69 to 21.40, or 14%. Cheetah Mobile Inc. (CMCM) climbed 2.66 to 23.95, or 12%, on 3.9 million shares. Axalta Coating Systems Ltd. (AXTA) popped 2.78 to 31.11, or 10%, on 8.7 million shares.

Stepping back and reviewing the hourly chart patterns, the indices were up in the morning, flat midday, and then they rolled over hard in the last hour to close negative on the day. It was not a good day for Wall Street.

Good Trading!

Harry

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) 2015 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