Best of the Week
Most Popular
1. US Housing Market Real Estate Crash The Next Shoe To Drop – Part II - Chris_Vermeulen
2.The Coronavirus Greatest Economic Depression in History? - Nadeem_Walayat
3.US Real Estate Housing Market Crash Is The Next Shoe To Drop - Chris_Vermeulen
4.Coronavirus Stock Market Trend Implications and AI Mega-trend Stocks Buying Levels - Nadeem_Walayat
5. Are Coronavirus Death Statistics Exaggerated? Worse than Seasonal Flu or Not?- Nadeem_Walayat
6.Coronavirus Stock Market Trend Implications, Global Recession and AI Stocks Buying Levels - Nadeem_Walayat
7.US Fourth Turning Accelerating Towards Debt Climax - James_Quinn
8.Dow Stock Market Trend Analysis and Forecast - Nadeem_Walayat
9.Britain's FAKE Coronavirus Death Statistics Exposed - Nadeem_Walayat
10.Commodity Markets Crash Catastrophe Charts - Rambus_Chartology
Last 7 days
Covid, Debt and Precious Metals - 3rd Jun 20
Gold-Silver Ratio And Correlation - 3rd Jun 20
The Corona Riots Begin, US Covid-19 Catastrophe Trend Analysis - 3rd Jun 20 -
Stock Market Short-term Top? - 3rd Jun 20
Deflation: Why the "Japanification" of the U.S. Looms Large - 3rd Jun 20
US Stock Market Sets Up Technical Patterns – Pay Attention - 3rd Jun 20
UK Corona Catastrophe Trend Analysis - 2nd Jun 20
US Real Estate Stats Show Big Wave Of Refinancing Is Coming - 2nd Jun 20
Let’s Make Sure This Crisis Doesn’t Go to Waste - 2nd Jun 20
Silver and Gold: Balancing More Than 100 Years Of Debt Abuse - 2nd Jun 20
The importance of effective website design in a business marketing strategy - 2nd Jun 20
AI Mega-trend Tech Stocks Buying Levels Q2 2020 - 1st Jun 20
M2 Velocity Collapses – Could A Bottom In Capital Velocity Be Setting Up? - 1st Jun 20
The Inflation–Deflation Conundrum - 1st Jun 20
AMD 3900XT, 3800XT, 3600XT Refresh Means Zen 3 4000 AMD CPU's Delayed for 5nm Until 2021? - 1st Jun 20
Why Multi-Asset Brokers Like are the Future of Trading - 1st Jun 20
Will Fed‘s Cap On Interest Rates Trigger Gold’s Rally? - 30th May
Is Stock Market Setting Up for a Blow-Off Top? - 29th May 20
Strong Signs In The Mobile Gaming Market - 29th May 20
Last Clap for NHS and Carers, Sheffield UK - 29th May 20
The AI Mega-trend Stocks Investing - When to Sell? - 28th May 20
Trump vs. Biden: What’s at Stake for Precious Metals Investors? - 28th May 20
Stocks: What to Make of the Day-Trading Frenzy - 28th May 20
Why You’ll Never Get Another Stimulus Check - 28th May 20
Implications for Gold – 2007-9 Great Recession vs. 2020 Coronavirus Crisis - 28th May 20
Ray Dalio Suggests USA Is Entering A Period Of Economic Decline And New World Order - 28th May 20
Europe’s Coronavirus Pandemic Dilemma - 28th May 20
I Can't Pay My Payday Loans What Will Happen - 28th May 20
Predictive Modeling Suggests US Stock Markets 12% Over Valued - 27th May 20
Why Stocks Bear Market Rallies Are So Tricky - 27th May 20
Precious Metals Hit Resistance - 27th May 20
Crude Oil Cuts Get Another Saudi Boost as Oil Demand Begins to Show Signs of Life - 27th May 20
Where the Markets are heading after COVID-19? - 27th May 20
Silver Springboards Higher – What’s Next? - 26th May 20
Stock Market Key Resistance Breakout Is Where the Rubber Meets the Road - 26th May 20
5 Ways To Amp Up Your CFD Trading Today - 26th May 20
The Anatomy of a Gold Stock Bull Market - 26th May 20
Stock Market Critical Price Level Could Soon Prompt A Big Move - 25th May 20
Will Powell Decouple Gold from the Stock Market? - 25th May 20
How Muslims Celebrated EID in Lockdown Britain 2020 - UK - 25th May 20
Stock Market Topping Behavior - 24th May 20
Fed Action Accelerates Boom-Bust Cycle; Not A Virus Crisis - 23rd May 20
Gold Silver Miners and Stocks (after a quick drop) Ready to Explode - 23rd May 20
3 Ways to Prepare Financially for Retirement - 23rd May 20
4 Essential Car Trade-In Tips To Get The Best Value - 23rd May 20
Budgie Heaven at Bird Land - 23rd May 20

Market Oracle FREE Newsletter


Stock Market Mixed Close with Good Technicals

Stock-Markets / Stock Markets 2016 Apr 27, 2016 - 10:22 AM GMT

By: Harry_Boxer


The stock market indices had a mixed session today. After an early morning pop, they came down hard, bounced late morning, and then stair-stepped their way lower, with the Nasdaq 100 constantly making lower-lows until they reached the low from last Friday, and held at 4440 Nasdaq 100. The S&P 500 refused to break as well and held 2086. In the last half an hour, or so, they bounced back nicely to end mixed on the session.

Net on the day, the Dow was up 13.80 at 17,990.32. The S&P 500 was up 3.91 at 2091.70. The Nasdaq 100 was down 21.17 at 4452.97, 13 points off the low.

Advance-declines were nearly 4 to 1 positive on the New York Stock Exchange, and 17 to 10 positive on the Nasdaq. Up/down volume was almost 4 to 1 positive on New York, total volume of 3 1/2 billion shares traded. The Nasdaq traded 1 3/4 billion shares and had a 9 to 8 positive volume ratio. board was a confusing but mixed picture. The reason for the pressure on Nasdaq today was basically the Nasdaq Generals. Priceline Inc. (PCLN) was down 1.32 to 1333.95, closing 12 points off its low, Google Inc. (GOOG) down a whopping 15.01 to 708.14, Apple Inc. (AAPL) down 73 cents to 104.35, Inc. (AMZN) 9.32 to 616.88, and Netflix, Inc. (NFLX) 1.13 to 92.43.

Baidu, Inc. (BIDU) was up 21 cents, while Facebook, Inc. (FB) lost 1.34 to 108.76, and First Solar, Inc. (FSLR) gained 85 cents to 61.24.

Tesla Motors, Inc. (TSLA) was also up today, 1.92 to 253.74.

Other gainers of note include Universal Display Corp. (OLED), up 1.34 to 61.49, and CONSOL Energy Inc. (CNX) 1.06 to 14.16 were the main gainers on our board today.

It was an interesting day today with very strong, underlying technicals, despite the lower, Nasdaq 100. Basically the market was pressured by the Nasdaq Generals. Biotech’s were not strong either. 4440 NDX and currently 2086 followed by 2078 are going to be very key support levels for our traders to watch.

The Direxion Daily S&P Biotech Bull 3X ETF (LABU) dropped 2.93 to 34.17, and reached as low as 32.55 and as high as 36.67.

Checking the percent-gain leaderboard, Legacy Reserves (LGCY) bounced 36 cents to 2.91, or 14%, on 2.6 million shares. InVivo Therapeutics Holdings Corp. (NVIV) ran 84 cents to 6.82, or 14%, on 1.6 million shares.

The Container Store Group, Inc. (TCS) gained 1.07 to 6.90, or 18%, on 2.2 million shares.

American Midstream Partners (AMID), an oil stock, popped 1.94 to 11.01, or 21%, on 1.2 million shares. Knowles Corporation (KN) spiked to 17.10, pulled back and closed up 1.94 to 14.94, or 15%, on 9.8 million shares. Ethan Allen Interiors Inc. (ETH) had a good day and jumped 3.42 to 34.42, or 11%.

Among other gainers, Sanmina Corporation (SANM) was up 2.03 to 24.24, Centene Corp. (CNC) closed up 3.85 to 66.71.

Micron Technology, Inc. (MU) climbed 96 cents to 11.51.

The Direxion Daily Jr Gld Mnrs Bull 3X ETF (JNUG) bounced around all day and closed up 13.16 to 131.26, 11%. The Direxion Daily Gold Miners Bull 3X ETF (NUGT) stair-stepped its way up 5.66 to 85.51, or 7%, on 5.3 million shares.

The Direxion Daily S&P Biotech Bear 3X ETF (LABD) advanced 2.83 to 39.05.

Stepping back and reviewing the hourly chart patterns, the indices were up at the opening, down sharply in the morning, bouncing back midday, but dropped all afternoon until late in the day when they came back.

Good Trading!


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 . 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

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 - 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