Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Friday Stock Market CRASH Following Israel Attack on Iranian Nuclear Facilities - 19th Apr 24
All Measures to Combat Global Warming Are Smoke and Mirrors! - 18th Apr 24
Cisco Then vs. Nvidia Now - 18th Apr 24
Is the Biden Administration Trying To Destroy the Dollar? - 18th Apr 24
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
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

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Stock Market Narrowly Mixed Consolidation Day

Stock-Markets / Stock Markets 2016 Aug 09, 2016 - 06:55 AM GMT

By: Harry_Boxer


The stock market indices had a down day today, but they did come back in the last half hour. The day started out down, they went down sharply, then bounced off support, retested in the afternoon, held, and then came on strong, but did not manage to get back in the plus column.

Net on the day, the Dow was down 14.24 at 18,529.29, 27 points off the low. The S&P 500 was down 1.98 at 2180.89, 3 points off its low. The Nasdaq 100 was down 6.47 at 4784.74, 14 points off its low.

It was a fairly narrow day overall, and more of a consolidation day.

Advance-declines were 17 to 12 1/2 positive on the New York Stock Exchange, and 15 to 13 1/2 negative on the Nasdaq. Up/down volume was 5 to 3 positive on New York, total volume of 3.2 billion shares traded. The Nasdaq traded just under 1.6 billion shares and had an 8 to 7 1/2 positive volume ratio. board was mostly narrowly mixed up and down. Very few stocks had more than a point than a point to the downside. (PCLN) was down 9.22 to 1405.00, Google Inc. (GOOG) down 46 cents to 781.76, and Netflix, Inc. (NFLX) down 1.92 to 95.11, but Apple Inc. (AAPL) gained 89 cents to 108.37, and Inc. (AMZN) advanced 58 cents to 766.56.

Baidu, Inc. (BIDU) Bidu, Inc. (BIDU) lost 93 cents to 166.45, First Solar, Inc. (FSLR) gave back 30 cents to 43.82, but Facebook, Inc. (FB) popped 11 cents to 125.26.

Tesla Motors, Inc. (TSLA) dropped 3.87 to 226.16.

To the upside, Shopify Inc. (SHOP) was up 1.30 to 38.31, and Twilio, Inc. (TWLO) up 1.01 to 42.50.

Additional stocks to the downside included ANI Pharmaceuticals, Inc. (ANIP), down 1.28 to 67.00, and Intrexon Corporation (XON) 1.66 to 27.05.

Checking percent-gain leaderboard, Cemtrex Inc. (CETX), on earnings, popped 88 cents to 5.95, or 17%, on 3.5 million shares.

Image Sensing Systems, Inc. (ISNS) exploded 1.63 to 4.05, or 67%, on 13 million shares, reaching up to 6.82 earlier in the day. Prana Biotechnology Limited (PRAN) bounced 1.34 to 5.80, or 30%, on 3.9 million shares.

In a strong oil group, Pacific Drilling S.A. (PACD) climbed 1.34 to 6.02, or 29%, on nearly a million shares. Resolute Energy Corporation (REN) closed up 1.60 to 8.35, or 23%, on 1.6 million shares. Sanchez Energy Corporation (SN) was up 1.13 to 7.74, or 17%, on nearly 10 million shares. California Resources Corporation (CRC) thrust 2.59 to 12.01, or 27 1/2%, on 12 million shares. Emerge Energy Services LP (EMES) gained 1.70 to 10.50, or 19%, on 1.4 million shares.

Sotheby's (BID) jumped 4.21 to 36.49, or 13%, on 9.5 million shares, and traded as high as 39.00 at one point in the day.

Stepping back and reviewing the hourly chart patterns, the indices opened slightly firm, then came down hard, especially when the Nasdaq 100 wasn't confirming the early run up to new highs on the S&P 500, which tagged an all-time high today just under 2186. They then had 5-step declines on the S&P 500, but it was more of a double bottom on the Nasdaq 100. The patterns looked very different today. But in the afternoon when the S&P 500 made a lower low, and the Nasdaq didn’t, they put on a last hour rally to pare back some of the losses.

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) 2016 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

© 2005-2022 - 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