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
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
Stock Market Investing 2018 - “I Hope I’m Making a Bad Buy” - 11th Jan 18
S&P 500 Fluctuates As Stock Market May Be Topping, Or Not? - 11th Jan 18
SPECTRE Microprocessor Security Flaw - Big Brother = You - 11th Jan 18
7 Market Forecasts 2018 from the Brightest Financial Minds I Know - 11th Jan 18
It’s Not Enough to Be Contrarian - 11th Jan 18
Stocks That Take One for A Roller Coaster Ride Through the Thick And Thin Of Every Single Investment Made - 11th Jan 18
Police Arrest Tree Protester on Meersbrook Park Road, Sheffield - 10th Jan 18
Stock Market Aggressive Sell Signals - 10th Jan 18
The 2018 Decline in Precious Metals - 10th Jan 18
Gold Hits All-Time Highs Priced In Emerging Market Currencies - 10th Jan 18
TMV : 3X Leveraged Short on US Treasury Bonds - 10th Jan 18
Here are the Key Levels in Gold & Gold Miners - 10th Jan 18

Market Oracle FREE Newsletter

6 Critical Money Making Rules

Stock Market Turn-Around Tuesday Closes Negative

Stock-Markets / Stock Market 2017 Apr 19, 2017 - 05:51 PM GMT

By: Harry_Boxer

Stock-Markets

It looks like turn-around Tuesday for the stock market indices today as the markets reversed yesterday, gains for losses, and pretty decent ones, too, but they did come back. The day started out with a gap down, but then a really sharp rally got them to their highs very quickly, within the first thirty minutes. At that point, they came down in a sharp, 3-wave decline, and reached their session lows by midday. An early afternoon rally back got to resistance and backed off late afternoon, and then surged into the close to reach the morning highs, but were unable to get through, and in the last five minutes they backed off.


Net on the day, the Dow was down 113.64 at 20,523.28. The S&P 500 was down 6.82 at 2342.18. The Nasdaq 100 was down 7.54 at 5391.66.

Advance-declines were about 15 to 14 negative on the New York Stock Exchange, and 15 1/2 to 12 1/2 on the Nasdaq. Up/down volume was 19 to 12 negative on New York, total volume of 3.2 billion shares traded. The Nasdaq traded 1.55 billion shares and had a flat volume ratio.

TheTechTrader.com board was narrowly mixed today. There were several point-plus losers. Priceline.com (PCLN) was down 7.30 to 1763.31, Alphabet Inc. (GOOG) down just 35 cents to 836.82, Apple Inc. (AAPL) down 63 to 141.20, Netflix, Inc. (NFLX) 3.89 to 143.36, however, Amazon.com, Inc. (AMZN) was the only point-plus gainers on the mainboard, up 1.79 to 903.78.

Baidu, Inc. (BIDU) gained 1.16 to 174.47, Facebook, Inc. (FB) dropped 46 cents to 140.96, and First Solar, Inc. (FSLR) gave back 45 cents to 26.89. Microsoft Corporation (MSFT) closed nearly flat, down 9 cents to 65.39 and Intel Corporation (INTC) popped 28 cents to 35.76.

Tesla Motors, Inc. (TSLA) lost 1.19 to 300.25.

On the downside, biotech’s had a bad day. Clovis Oncology Inc (CLVS) was down 1.25 to 56.13, Editas Medicine Inc. (EDIT) down 1.37 to 19.42, Esperion Therapeutics, Inc. (ESPR) 1.65 to 37.31, Kite Pharma, Inc. (KITE) 2.47 to 79.63, and bluebird bio, Inc. (BLUE) 4.65 to 83.60.

The Direxion Daily S&P Biotech Bull 3X ETF (LABU) dropped 1.76 to 44.53.

Checking TheTechTrader.com percent-gain leaderboard, Interpace Diagnostics Group, Inc. (IDXG), on a secondary announcement, exploded 61 cents, or 28%, to 2.76, on 56.7 million shares traded, reaching as high as 4.45 at one point in the morning. XOMA Corporation (XOMA) bounced 91 cents, or 14%, to 7.41, on 1.2 million shares traded.

GNC Holdings, Inc. (GNC) ran 1.79, or 25%, to 9.03, on 26.6 million shares traded. Titan International, Inc. (TWI) climbed 1.24, or 14%, to 9.94, on 1.4 million shares traded.

Akari Therapeutics, Plc (AKTX) popped 1.66, or 12%, to 14.97. Core-Mark Holding Company, Inc. (CORE) close up 4.11, or 13%, to 34.87. Stratasys Ltd. (SSYS), which we day traded today, bounced 2.47, or 12%, to 23.77. That was a key breakaway day.

Stepping back and reviewing the hourly chart patterns, the indices were down at the opening, up sharply in the first half hour, a strong 3-wave decline tested and held support, before the afternoon rally brought them back to lower loses, but they still closed negative on the day.

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

© 2005-2018 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