Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
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
Stock Market Breadth - 24th Mar 24
Stock Market Margin Debt Indicator - 24th Mar 24
It’s Easy to Scream Stocks Bubble! - 24th Mar 24
Stocks: What to Make of All This Insider Selling- 24th Mar 24
Money Supply Continues To Fall, Economy Worsens – Investors Don’t Care - 24th Mar 24
Get an Edge in the Crypto Market with Order Flow - 24th Mar 24
US Presidential Election Cycle and Recessions - 18th Mar 24
US Recession Already Happened in 2022! - 18th Mar 24
AI can now remember everything you say - 18th Mar 24
Bitcoin Crypto Mania 2024 - MicroStrategy MSTR Blow off Top! - 14th Mar 24
Bitcoin Gravy Train Trend Forecast 2024 - 11th Mar 24
Gold and the Long-Term Inflation Cycle - 11th Mar 24
Fed’s Next Intertest Rate Move might not align with popular consensus - 11th Mar 24
Two Reasons The Fed Manipulates Interest Rates - 11th Mar 24
US Dollar Trend 2024 - 9th Mar 2024
The Bond Trade and Interest Rates - 9th Mar 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks - 9th Mar 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference - 9th Mar 2024
Stocks: What This "Record Extreme" Indicator May Be Signaling - 9th Mar 2024
My 3 Favorite Trade Setups - Elliott Wave Course - 9th Mar 2024
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Stock Market Finished Positive Just Under Key Resistance

Stock-Markets / Stock Market 2017 Apr 05, 2017 - 12:40 PM GMT

By: Harry_Boxer

Stock-Markets

The stock market had somewhat of a turnaround Tuesday today, but the indices suffered some early losses, held support, and rallied back in a choppy, but in a steady up-channel. Although key overhead resistance at 5440 Nasdaq 100 and 2360 S&P 500 were repeatedly tested, they were not taken out. They did close near there those numbers, so we’ll have to see what happens tomorrow.


Net on the day, the Dow was up 39.03 at 20,689.24. The S&P 500 was up 1.32 at 2360.16, after being down as much as 10.00 earlier in the day. The Nasdaq 100 was up 8.21 at 5440.41, about 25 points off its low.

Advance-declines were flat on the New York Stock Exchange, and 500 issues lower on the Nasdaq. Up/down volume was 8 to 7 positive on New York. The Nasdaq had a 20 to 21 negative volume ratio. So, it was pretty much a wash.

TheTechTrader.com board had narrowly mixed day. Priceline.com (PCLN) was down 6.61 to 1767.38, Alphabet Inc. (GOOG) down 3.98 to 834.57, Netflix, Inc. (NFLX) 1.42 to 1456.50, however, Apple Inc. (AAPL) reached a new all-time high, up 1.07 to 144.77, Amazon.com, Inc. (AMZN), also reaching a new all-time high, bounced 15.32 to 906.83, a high of 908.54.

Baidu, Inc. (BIDU) popped 20 cents to 175.20, First Solar, Inc. (FSLR) gained 49 cents to 26.82, but Facebook, Inc. (FB) dropped 55 cents to 141.73.

Tesla Motors, Inc. (TSLA) jumped 5.18 to 303.70.

On the downside, Kate Spade & Company (KATE) was down 3.34 to 19.46, Kite Pharma, Inc. (KITE) down 2.32 to 75.90, NVIDIA Corporation (NVDA) 7.60 to 100.78, and NovoCure Limited (NVCR) 1.05 to 10.05.

Checking TheTechTrader.com percent-gain leaderboard, Benitec Biopharma Limited (BNTC) climbed 1.04, or 34%, to 4.10, on 19 million shares traded. Cyclacel Pharmaceuticals, Inc. (CYCC) managed to get 1.75, or 27%, or 8.17, on 25 million shares traded.

Conns Inc. (CONN) snapped back 2.45, or 29%, to 10.90 on 6.6 million shares traded. Paratek Pharmaceuticals, Inc. (PRTK) advanced 4.25, or 23%, to 22.85, on 9 million shares traded. Mesoblast Limited (MESO) thrust 1.44, or 16%, to 10.38.

The VelocityShares 3x Long Natural Gas ETN (UGAZ) eked out 2.73, or l14%, to 22.50, on 11 million shares traded.

Stepping back and reviewing the hourly chart patterns, the indices were choppy in the morning, they ran up and were choppy midday, ran up again and pulled back late in the session, and in the last 40 minutes, or so, they rallied into the close to close positive, finishing near the highs for the day, just under key resistance.

Good Trading!

Harry

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

(c) 2017 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

© 2005-2022 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