Best of the Week
Most Popular
1. Five Charts That Show We Are on the Brink of an Unthinkable Financial Crisis- John_Mauldin
2.Bitcoin Parabolic Mania - Zeal_LLC
3.Bitcoin Doesn’t Exist – 2 - Raul_I_Meijer
4.Best Time / Month of Year to BUY a USED Car is DECEMBER, UK Analysis - Nadeem_Walayat
5.Labour Sheffield City Council Election Panic Could Prompt Suspension of Tree Felling's Private Security - N_Walayat
6.War on Gold Intensifies: It Betrays the Elitists’ Panic and Augurs Their Coming Defeat Part2 - Stewart_Dougherty
7.How High Will Gold Go? - Harry_Dent
8.Bitcoin Doesn’t Exist – Forks and Mad Max - Raul_I_Meijer
9.UK Stagflation Risk As Inflation Hits 3.1% and House Prices Fall - GoldCore
10.New EU Rules For Cross-Border Cash, Gold Bullion Movements - GoldCore
Last 7 days
Bond Market Bear Creating Gold Bull Market - 19th Jan 18
Gold Stocks GDX $25 Breakout on Earnings - 19th Jan 18
SPX is Higher But No Breakout - 19th Jan 18
Game Changer for Bitcoin - 19th Jan 18
Upside Risk for Gold in 2018 - 19th Jan 18
Money Minute - A 60-second snapshot of the UK Economy - 19th Jan 18
Discovery Sport Real MPG Fuel Economy Vs Land Rover 53.3 MPG Sales Pitch - 19th Jan 18
For Americans Buying Gold and Silver: Still a Big U.S. Pricing Advantage - 19th Jan 18
5 Maps And Charts That Predict Geopolitical Trends In 2018 - 19th Jan 18
North Korean Quagmire: Part 2. Bombing, Nuclear Threats, and Resolution - 19th Jan 18
Complete Guide On Forex Trading Market - 19th Jan 18
Bitcoin Crash Sees Flight To Physical Gold Coins and Bars - 18th Jan 18
The Interest Rates Are What Matter In This Market - 18th Jan 18
Crude Oil Sweat, Blood and Tears - 18th Jan 18
Land Rover Discovery Sport - Week 3 HSE Black Test Review - 18th Jan 18
The North Korea Quagmire: Part 1, A Contest of Colonialism and Communism - 18th Jan 18
Understand Currency Trade and Make Plenty of Money - 18th Jan 18
Bitcoin Price Crash Below $10,000. What's Next? We have answers… - 18th Jan 18
How to Trade Gold During Second Half of January, Daily Cycle Prediction - 18th Jan 18
More U.S. States Are Knocking Down Gold & Silver Barriers - 18th Jan 18
5 Economic Predictions for 2018 - 18th Jan 18
Land Rover Discovery Sport - What You Need to Know Before Buying - Owning Week 2 - 17th Jan 18
Bitcoin and Stock Prices, Both Symptoms of Speculative Extremes! - 17th Jan 18
So That’s What Stock Market Volatility Looks Like - 17th Jan 18
Tips On Choosing the Right Forex Dealer - 17th Jan 18
Crude Oil is Starting 2018 Strong but there's Undeniable Risk to the Downside - 16th Jan 18
SPX, NDX, INDU and RUT Stock Indices all at Resistance Levels - 16th Jan 18
Silver Prices To Surge – JP Morgan Has Acquired A “Massive Quantity of Physical Silver” - 16th Jan 18
Carillion Bankruptcy and the PFI Sector Spiraling Costs Crisis, Amey, G4S, Balfour Beatty, Serco.... - 16th Jan 18
Artificial Intelligence - Extermination of Humanity - 16th Jan 18
Carillion Goes Bust, as Government Refuses to Bailout PFI Contractors Debt and Pensions Liabilities - 15th Jan 18
What Really Happens in Iran?  - 15th Jan 18
Stock Market Near an Intermediate Top? - 15th Jan 18
The Key Economic Indicator You Should Watch in 2018 - 15th Jan 18
London Property Market Crash Looms As Prices Drop To 2 1/2 Year Low - 15th Jan 18
Some Fascinating Stock Market Fibonacci Relationships... - 15th Jan 18
How to Know If This Stock Market Rally Will Continue for Two More Months? - 14th Jan 18
Everything SMIGGLE from Pencil Cases to Water Bottles, Pens and Springs! - 14th Jan 18
Land Rover Discovery Sport Very Bad MPG Fuel Economy! Real Owner's Review - 14th Jan 18
Gold Miners’ Status Updated - 13th Jan 18
Gold And Silver – Review of Annual, Qrtly, Monthly, Weekly Charts. Reality v Sentiment - 13th Jan 18
Gold GLD ETF Update.. Bear Market Reversal Watch - 13th Jan 18
Stock Market Leadership In 2018 To Come From Oil & Gas - 13th Jan 18
Stock Market Primed for a Reversal - 13th Jan 18
Live Trading Webinar: Discover 3 High-Confidence Trade Set-Ups - 13th Jan 18
Optimum Entry Point for Gold and Silver Stocks - 12th Jan 18
Stock Selloffs Great for Gold - 12th Jan 18
These 3 Facts Show Gold Is Set to Surge in 2018 - 12th Jan 18
How China is Locking Up Critical Resources in the US’s Own Backyard - 12th Jan 18
Stock futures are struggling. May reverse Today - 12th Jan 18
Three Surprising Places You See Cryptocurrency - 12th Jan 18
Semi Seconductor Stocks Canary Still Chirping, But He’s Gonna Croak in 2018 - 12th Jan 18
Land Rover Discovery Sport Panoramic Sunroof Questions Answered - 12th Jan 18
Information About Trading With Alpari And Its Advantages - 12th Jan 18

Market Oracle FREE Newsletter

6 Critical Money Making Rules

US Interest Rates Up Quarter Percent, Stock Market Loved It

Stock-Markets / Stock Market 2017 Mar 16, 2017 - 10:13 AM GMT

By: Harry_Boxer

Stock-Markets

Fed Yellen raised interest rates a quarter percent today and the stock market loved it. The Nasdaq 100 popped early, and then pulled back, but the S&P 500 kept going up all morning. By midday, just before the FOMC, they pulled back just a little going into that meeting, and then exploded. They pulled back again and rallied sharply. Only at the end of the day did they pull back a little to pare back the profits.


Net on the day, the Dow was up 112.73 at 20,950.10. The S&P 500 was up 19.81 to 2385.26. The Nasdaq 100 was up 34.08 at 5416.25.

Advance-declines were almost 6 to 1 positive on the New York Stock Exchange, and 6 to 1 positive on the Nasdaq. Up/down volume was 7 to 1 positive on New York, total volume of 3.85 billion shares traded. The Nasdaq traded 1.9 billion shares and had a 2 1/2 to 1 positive volume ratio.

TheTechTrader.com board was mostly red today, however, Priceline.com (PCLN) dropped 1.02 to 1767.98, while Alphabet Inc. (GOOG) was up 1.58 to 847.20, Apple Inc. (AAPL), reaching a new all-time high, up 1.47 to 140.46, Amazon.com, Inc. (AMZN) up 44 cents to 852.97, and Netflix, Inc. (NFLX) 2.06 to 145.25.

Baidu, Inc. (BIDU) fell 80 cents to 172.04, Facebook, Inc. (FB) popped 40 cents to 139.72, and First Solar, Inc. (FSLR) snapped back 93 to 33.00.

Downgraded today, Tesla Motors, Inc. (TSLA) dropped 2.27 to 255.73.

Biotech’s did great today. The Direxion Daily S&P Biotech Bull 3X ETF (LABU) ran 3.11 to 54.56, with a high of over 55.00 at one point. Bluebird bio, Inc. (BLUE) was up 5.85 to 97.85, Clovis Oncology Inc. (CLVS) up 4.98 to 71.93, Supernus Pharmaceuticals, Inc. (SUPN) up 1.15 to 28.50, and Xencor, Inc. (XNCR) 1.00 to 24.82.

Other stocks to the upside included Checkpoint Therapeutics Inc. (CKPT), up 1.19 to 100.73, Deere & Company (DE), one of our swing trades, up 1.58 to 110.79, Exelixis, Inc. (EXEL) 1.06 to 22.80, Shopify Inc. (SHOP) 1.01 to 64.84, Terex Corporation (TEX) 1.06 to 31.09, and United States Steel Corp. (X) 1.94 to 37.66.

On the downside, Edits Medicine Inc. (EDIT) got hit by an article in Forbes, down 1.40 to 24.64, and Achaogen, Inc. (AKAO) got hammered down 2.85 to 22.40 on a secondary.

Checking TheTechTrader.com percent-gain leaderboard, Cerulean Pharma Inc. (CERU) ran 74 cents, or 33%, to 2.98, on 3.1 million shares traded. GSI Technology, Inc. (GSIT) bounced 89 cents, or 11%, to 8.89. magicJack VocalTec Ltd. (CALL) climbed 75 cents, or 10%, to 8.10.

CARBO Ceramics Inc. (CRR) snapped back 1.11, or 10%, to 11.80, on 1.1 million shares traded.

The Direxion Daily Jr Gold Miners Bull 3X ETF (JNUG) had a great day today as gold rallied, jumping 1.89, or 33%, to 7.61, on 137 million shares traded.

Among other gainers, Fogo de Chao, Inc. (FOGO) was up 1.35 to 14.60, U.S. Silica Holdings, Inc. (SLCA) up 3.18 to 47.21, and many other gainers, just too many to show.

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

© 2005-2018 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

6 Critical Money Making Rules