Best of the Week
Most Popular
1.What Happened to the Stock Market Crash Experts Were Predicting - Sol_Palha
2.London Housing Market Property Bubble Vulnerable To Crash - GoldCore
3.The Plan to Control ALL Your Money is Now at Advanced Stage
4.Why Gold Is Set For An Epic Rally This Spring - James Burgess
5.MR ROBOT NHS Cyber Attack Hack - Why Israel, NSA, CIA and GCHQ are Culpable - Nadeem_Walayat
6.Emmanuel Macron and Banking Elite Win French Presidential Election 2017 - Nadeem_Walayat
7.Trend Lines Met, Technical's are Set - US Dollar is Ready to Rally (Elliott Wave Analysis) - Enda_Glynn
8.The Student Debt Servitude Sham - Gordon_T_Long
9.Czar Trump Fires Comey, Terminates Deep State FBI, CIA Director Next? - Nadeem_Walayat
10.UK Local Elections 2017 - Labour Blood Bath, UKIP Death, Tory June 8th Landslide - Nadeem_Walayat
Last 7 days
GBPUSD Top in Place, GOLD Price Ready to Rocket? - 27th May 17
Silver Mining Stocks Fundamentals - 27th May 17
BBC Newsnight Falls for FAKE POLLS, Opinion Pollsters Illusion for Mainstream Media to Sell - 27th May 17
UK Local Election Results Forecast for General Election 2017 - 26th May 17
Stock Market & Crude Oil Forecast! - 26th May 17
Opinion Pollsters UK General Election Seats Forecasts 2017 - 26th May 17
Bitcoin and AltCoins Crypto Price Correction - 26th May 17
Bearish Head and Shoulders in EURUSD? - 26th May 17
SELL US Stocks - Massive Market CRASH WARNING! - 26th May 17
EURGBP: A Picture of Elliott Wave Precision - 26th May 17
Credit Downgrades May Prompt Stock Market Capital Shift - 26th May 17
Rosenstein and Mueller: the Regime Change Tag-Team - 25th May 17
Stock Market Top - Are We There Yet? - 25th May 17
Should I Invest My Fortune in Gold? Inaugural Lecture by Dr Brian Lucey - 25th May 17
USD/CAD Continues Decline - 25th May 17
Bitcoin Price Goes Loco! Surges through $2,500 Despite Unclear Fork Issues - 25th May 17
The US-Saudi Arms Deal - Sordid Saudi Signals - 25th May 17
The No.1 Commodity Play In The World Today - 24th May 17
Marks and Spencer Profits Collapse, Latest Retailer Hit by Brexit Inflation Tsunami 2017 - 24th May 17
Why Online Trading Platforms Are Useful for Everyone - 24th May 17
The Stock Market Will Tank Hard - 24th May 17
It’s Better to Buy Gold & Silver When It DOESN’T Feel Good - 24th May 17
Global Warming - Saving Us From Us - 24th May 17
Stock Market Forecast for Next 3 Months - Video - 23rd May 17
Shale Oil & Gas Production Costs Spiral Higher As Monstrous Decline Rates Eat Into Cash Flows - 23rd May 17
The Only Metal Trump Wants More Than Gold - 23rd May 17
America's Southern Heritage is a Threat to the Deep State - 23rd May 17
Manchester Bombing - ISIS Islamic Terrorist Attack Attempt to Influence BrExit Election - 23rd May 17
What an America First Trade Policy Could Mean for the US Dollar - 22nd May 17
Gold and Sillver Markets - Silver Price Sharp Selloff - 22nd May - 22nd May 17
Stock Market Volatile C-Wave - 22nd May 17
Stock Market Trend Forecast and Fear Trading - 22nd May 17
US Dollar Cycle : Deep Dive - 21st May 17
Bitcoin Breaks the $2,000 Mark as Cryptocurrencies Continue to Explode Higher - 21st May 17
Stocks, Commodities and Gold Multi-Market Status - 21st May 17
Stock Market Day Trading Strategies and Brief 20th May 2017 - 21st May 17
DOW Needs to Rally Big or Correction is Next - 20th May 17
EURUSD reaches DO or DIE moment! - 20th May 17
How to Get FREE Walkers Crisps Multi-packs! £5 to £28k Pay Packet Promo - 20th May 17
UK BrExit General Election 2017 - Will Opinion Pollsters Finally Get it Right? - 19th May 17
Gold Mining Junior Stocks GDXJ 2017 Fundamentals - 19th May 17
If China Can Fund Infrastructure With Its Own Credit, So Can We - 19th May 17
Evidence That Stocks are More Overvalued than Ever - 19th May 17
Obamacare May Become Zombiecare In 2018 - 19th May 17
The End of Reflation? Implications for Gold - 19th May 17
Gold and Silver Trading Alert: New Important Technical Development - 19th May 17

Market Oracle FREE Newsletter

Why 95% of Traders Fail

NDX Tek Stock Index Reaches Over Five Thousand

Stock-Markets / Tech Stocks Jan 10, 2017 - 12:25 PM GMT

By: Harry_Boxer

Stock-Markets

The stock market indices started the week off in a very strange session, the Nasdaq 100 working its way higher, while the S&P 500 got hammered at the opening, and barely hung on all morning. Midday the Nasdaq 100 extended its move, making new, all-time highs today at 5034.00, while the S&P 500 tried to rally, but rolled over and continued steadily lower. At the end of the day, the Nasdaq 100 pulled back ten points, while a much deeper retrace on the session lows of the S&P 500 and Dow finished at the lows for the day.


Net on the day, the Dow was down 76.42 at 19,887.38, the exact tick low of the day. The S&P 500 was down 8.08 at 2268.90. The Nasdaq 100 was up 17.82 at 5024.90.

Advance-declines were 500 issues lower on the New York Stock Exchange than that of the Nasdaq. Up/down volume was 2 to 1 negative on New York, total volume of 3.1 billion shares traded. The Nasdaq traded 1.7 billion shares and had a 3 to 2 positive volume ratio.

TheTechTrader.com board was mixed. Priceline.com (PCLN) was up 9.07 to 1529.64, Alphabet Inc. (GOOG) up 50 cents to 806.65, Apple Inc. (AAPL) up 1.09 to 119.00, Amazon.com, Inc. (AMZN) 87 cents to 796.86, but Netflix, Inc. (NFLX) dropped 12 cents to 130.96.

Baidu, Inc. (BIDU) popped 78 cents to 177.16, Facebook, Inc. (FB) gained 1.49 to 124.90, and First Solar, Inc. (FSLR) advanced 25 cents to 33.57.

Tesla Motors, Inc. (TSLA) jumped 2.27 to 231.28.

Other stocks to the upside included Exact Sciences Corporation (EXAS) up 2.88 to 17.98, Exelixis, Inc. (EXEL) 2.26 to 17.58, Clovis Oncology Inc (CLVS) 4.83 to 50.86, CoLucid Pharmaceuticals, Inc. (CLCD) 1.50 to 33.45, Aclaris Therapeutics, Inc. (ACRS) 1.05 to 30.01.

The Direxion Daily S&P Biotech Bull 3X ETF (LABU) bounced 3.64 to 41.73, about 50 cents off its high.

On the downside, Emergent BioSolutions Inc. (EBS) lost 2.62 to 32.04, Argan, Inc. (AGX) gave back 3.25 to 70.05, and United States Steel Corp. (X) dropped 1.79 to 33.61.

Checking TheTechTrader.com percent-gain leaderboard, CTI BioPharma Corp. (CTIC) popped 98 cents, or 20%, to 5.78, on 2.1 million shares traded.

EnteroMedics Inc. (ETRM) jumped 8.51, or 93%, to 17.70, on 35.6 million shares traded, trading under 2.00 just four days ago. Asure Software, Inc. (ASUR) bounced 1.56, or 17%, to 10.93. 3D Systems Corporation (DDD), on takeover rumors, ran 2.27, or 16%, to 16.73, on 13.6 million shares traded.

Stepping back and reviewing the hourly chart patterns, the indices were up all day on the Nasdaq 100, and pretty much down all day on the S&P 500.

Quite the divergence. We’ll see if that resulted in any further downside damage in the next few days.

Good Trading!

Harry

For more of Harry Boxer, sign up for a FREE 7-Day Trial to his Real-Time Technical Trading Diary.

(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

© 2005-2016 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

Catching a Falling Financial Knife