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
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22
Best Metaverse Tech Stocks Investing for 2022 and Beyond - 14th Jan 22
Gold Price Lagging Inflation - 14th Jan 22
Get Your Startup Idea Up And Running With These 7 Tips - 14th Jan 22
What Happens When Your Flight Gets Cancelled in the UK? - 14th Jan 22
How to Profit from 2022’s Biggest Trend Reversal - 11th Jan 22
Stock Market Sentiment Speaks: Are We Ready To Drop To 4400SPX? - 11th Jan 22
What's the Role of an Affiliate Marketer? - 11th Jan 22
Essential Things To Know Before You Set Up A Limited Liability Company - 11th Jan 22
NVIDIA THE KING OF THE METAVERSE! - 10th Jan 22
Fiscal and Monetary Cliffs Have Arrived - 10th Jan 22
The Meteoric Rise of Investing in Trading Cards - 10th Jan 22
IBM The REAL Quantum Metaverse STOCK! - 9th Jan 22
WARNING Failing NVME2 M2 SSD Drives Can Prevent Systems From Booting - Corsair MP600 - 9th Jan 22
The Fed’s inflated cake and a ‘quant’ of history - 9th Jan 22
NVME M2 SSD FAILURE WARNING Signs - Corsair MP600 1tb Drive - 9th Jan 22
Meadowhall Sheffield Christmas Lights 2021 Shopping - Before the Switch on - 9th Jan 22
How Does Insurance Work In Europe? Find Out Here - 9th Jan 22
MATTERPORT (MTTR) - DIGITIZING THE REAL WORLD - METAVERSE INVESTING 2022 - 7th Jan 22
Effect of Deflation On The Gold Price - 7th Jan 22
Stock Market 2022 Requires Different Strategies For Traders/Investors - 7th Jan 22
Old Man Winter Will Stimulate Natural Gas and Heating Oil Demand - 7th Jan 22
Is The Lazy Stock Market Bull Strategy Worth Considering? - 7th Jan 22
METAVERSE - NEW LIFE FOR SONY AGEING GAMING GIANT? - 6th Jan 2022
What Elliott Waves Show for Asia Pacific Stock and Financial Markets 2022 - 6th Jan 2022
Why You Should Register Your Company - 6th Jan 2022
4 Ways to Invest in Silver for 2022 - 6th Jan 2022
UNITY (U) - Metaverse Stock Analysis Investing for 2022 and Beyond - 5th Jan 2022
Stock Market Staving Off Risk-Off - 5th Jan 2022
Gold and Silver Still Hungover After New Year’s Eve - 5th Jan 2022
S&P 500 In an Uncharted Territory, But Is Sky the Limit? - 5th Jan 2022
Quantum AI Tech Stocks Portfolio Current State - 4th Jan 2022
The Alibaba Stock Market - 4th Jan 2022
Will Gold & Silver Be Investment Outcasts in 2022 Again? - 4th Jan 2022
Stock Market Happy 2022 Entry - 4th Jan 2022
Complete paradigm shift will make Gold the generational trade - 4th Jan 2022
Corsair MP600 NVME2 1tb Drive Sudden DEATH Failures - Back Up NOW! - 4th Jan 2022
AI Tech Stocks Portfolio Updated Buying Levels and Zones Part 2 of 2 - 3rd Jan 2022
Stock Market Sentiment Speaks: 2022 Can Be Your Best Year Ever - 3rd Jan 2022
2020-22 - Soaring costs of the West's Pandemic failure - 3rd Jan 2022
AUTODESK (ADSK) - CAD - Metaverse Stock Analysis Investing for 2022 and Beyond - 2nd Jan 2022
Stock Market Sector Themes In Play For 2022 - 2nd Jan 2022
Excuse Me Mr Gold. What Year Is It? - 2nd Jan 2022
Stock Market Early 2022 Should Continue Melt-Up Trend In January / February - 2nd Jan 2022
UK Energy Crisis WARNING 2022 - How to Avoid Huge Increase in Gas and Electric Fuel Bills Right Now! - 1st Jan 2022
Why You Need A PR Expert For Your Financial Startup - 1st Jan 2022
TENCENT- Chinese High Risk GAMING Metaverse Stock Analysus for Investing 2022 and Beyond - 31st Dec 21
Gold Price Forecast 2022 - The Golden Year - 31st Dec 21
Will 2022 Be Better for Gold Than 2021? - 31st Dec 21
Gold Stocks – Wishing And Hoping (And Losing) - 31st Dec 21
Sheffield Christmas Market 2021 SANTAS GROTTO at Peace Gardens, City Centre Sights and Sounds - 31st Dec 21
Nvidia Leaves planet Earth - AI Tech Stocks Analysis - 30th Dec 21
Google (Alphabet) AI Tech Stocks Analysis - 30th Dec 21
Stock Market Santa Rally Challenge - 30th Dec 21
Sheffield Christmas Market Stalls, Sights and Sounds 2021 - 30th Dec 21
Investment Roadmap for 2022 - 30th Dec 21
2022 – The Year of (Gold) Inflation? - 30th Dec 21
Overvalued Stocks and Housing Perfect Storm for Gold - 30th Dec 21
My Most surprising Crypto call to date - 30th Dec 21
What is a Rehab Clinic and How It Is Beneficial for People? - 30th Dec 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Stock Market Strong Positive Session

Stock-Markets / Stock Markets 2016 Aug 12, 2016 - 11:45 AM GMT

By: Harry_Boxer

Stock-Markets

The stock market indices had a very strong session, taking a big leap at the opening to retest the highs, and then backed off sharply. They came on strong and by midday the S&P 500 made new, all-time highs, but when the Nasdaq 100 failed to cooperate, they pulled back, but held. They came on one more time and made a nominal new highs again on the S&P 500 over 2188. Nasdaq 100 again could not make a new high, and they both backed in the last 10 minutes. It was a very positive session.


Net on the day, the Dow was up 1117.86 at 18,613.52. The S&P 500 was up 10.30 at 2115.48. The Nasdaq 100 was up 19.92 at 4803.31.

That’s the first time in 16 years that the Nasdaq 100 closed over 4800 at 4816. It approached 4813 today, but just couldn’t get there. We’ll have to see if there is any follow-through, but this is key resistance here.

Advance-declines were better than 3 to 2 positive on the New York Stock Exchange, and better than 3 to 2 positive on the Nasdaq. Up/down volume was 3 to 1 positive on New York, total volume of 3 1/2 billion shares traded. The Nasdaq traded 1.5 billion shares and had a 2 to 1 positive volume ratio.

TheTechTrader.com board was mostly green. Priceline.com (PCLN) was up 64 cents to 1406.92, Google Inc. (GOOG) up 17 cents to 784.85, Amazon.com Inc. (AMZN) up 2.68 to 771.24, and Netflix, Inc. (NFLX) up 1.96 to 95.89, but Apple Inc. (AAPL) was down just 7 cents to 107.93.

Baidu, Inc. (BIDU) popped 2.09 to 167.72, Facebook, Inc. (FB) closed flat, up just 2 cents to 124.90, and First Solar, Inc. (FSLR) advanced 35 cents to 39.01.

Tesla Motors, Inc. (TSLA) gave back 74 cents of its winnings from yesterday, closing down 74 cents to 224.91.

To the upside, point plus gainers included Twilio, Inc. (TWLO), up 5.08 to 48.71, Ambarella, Inc. (AMBA) up .70 to 61.80, Exact Sciences Corporation (EXAS), a swing trade of ours, up 1.39 to 20.84, Medivation, Inc. (MDVN) 1.61 to 65.60, and NVIDIA Corporation (NVDA) 1.19 to 59.70, and trading 3 points higher in after hours on a strong earnings report.

The Direxion Daily S&P Biotech Bull 3X ETF (LABU) eked out 1.81 to 41.27.

On the downside, Acacia Communications, Inc. (ACIA) was the only stock on our board down as much as a point today, down 1.50 to 67.70. However, it’s up 15 points to 82.25 in after hours, on a phenomenal earnings report.

Checking TheTechTrader.com percent-gain leaderboard, Kura Oncology, Inc. (KURA) popped 88 cents to 5.24, or 10%, on 5.5 million shares.

SemiLEDs Corporation (LEDS) advanced 1.13 to 6.96, or 19%, on 4 million shares. Aegean Marine Petroleum Network Inc. (ANW) climbed 1.19 to 7.78, or 18%, on 1.159 million shares.

Alpha & Omega Semiconductor, Ltd. (AOSL) jumped 4.15 to 19.04, or 28%, on 1.3 million shares. Resolute Energy Corporation (REN) gained 2.67 to 13.88, or 24%, on 6.4 million shares. Macy's, Inc. (M) closed up 5.81 to 39.81, or 17%, on 40 million shares, on strong earnings. Brinker International, Inc. (EAT) ran 5.75 to 52.72, or 12%, on 6.9 million shares.

Stepping back and reviewing the hourly chart patterns, the indices gapped up sharply at the opening, then pulled back sharply, moved right back up to new highs on the S&P 500, and when they were unable to do so on the Nasdaq 100, they got into a consolidation range at the end of the day, but it did close positive on the session. They made new, all-time highs on the Dow and S&P 500.

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) 2016 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