Most Popular
1. THE INFLATION MONSTER is Forecasting RECESSION - Nadeem_Walayat
2.Why APPLE Could CRASH the Stock Market! - Nadeem_Walayat
3.The Stocks Stealth BEAR Market - Nadeem_Walayat
4.Inflation, Commodities and Interest Rates : Paradigm Shifts in Macrotrends - Rambus_Chartology
5.Stock Market in the Eye of the Storm, Visualising AI Tech Stocks Buying Levels - Nadeem_Walayat
6.AI Tech Stocks Earnings BloodBath Buying Opportunity - Nadeem_Walayat
7.PPT HALTS STOCK MARKET CRASH ahead of Fed May Interest Rate Hike Meeting - Nadeem_Walayat
8.50 Small Cap Growth Stocks Analysis to CAPITALISE on the Stock Market Inflation -Nadeem_Walayat
10.Apple and Microsoft Nuts Are About to CRACK and Send Stock Market Sharply Lower - Nadeem_Walayat
Last 7 days
UK Housing Market Analysis, Trend Forecast 2022 to 2025 - Part 2 - 30th June 22
Stock Market Turning the Screws - 30th June 22
How to Ignore Stocks (and why you should) - 30th June 22
Top Tips For Getting The Correct Insurance Option For Your Needs - 30th June 22
Central Banks Plan To Buy More Gold In 2022 - 30th June 22
AI Tech Stock PORTFOLIO NAME OF THE GAME - 29th June 22
Rebounding Crude Oil Gets Far Away from the Bearish Side - 29th June 22
UK House Prices - Lets Get Jiggy With UK INTEREST RATES - 28th June 22
This “Bizarre” Chart is Wrecking the Stock Market - 28th June 22
Recession Question Answered - 28th June 22
Technical Analysis: Why You Should Expect a Popularity Surge - 28th June 22
Have US Bonds Bottomed? - 27th June 22
Gold Junior Miners: A Bearish Push Is Coming to Move Them Lower - 27th June 22
Stock Market Watching Out - 27th June 22
The NEXT BIG EMPIRE WILL BE..... CANZUK - 25th June 22
Who (or What) Is Really in Charge of Bitcoin's Price Swings? - 25th June 22
Crude Oil Price Forecast - Trend Breaks Downward – Rejecting The $120 Level - 25th June 22
Everyone and their Grandma is Expecting a Big Stocks Bear Market Rally - 23rd June 22
The Fed’s Hawkish Bite Left Its Mark on the S&P 500 Stocks - 23rd June 22
No Dodging the Stock Market Bullet - 23rd June 22
How To Set Up A Business To Better Manage In The Free Market - 23rd June 22
Why Are Precious Metals Considered A Good Investment? Find Out Here - 23rd June 22
UK House Prices and the Inflation Mega-trend - 22nd June 22
Sportsbook Betting Reviews: How to Choose a Sportsbook- 22nd June 22
Looking to buy Cannabis Stocks? - 22nd June 22
UK House Prices Momentum Forecast - 21st June 22
The Fed is Incompetent - Beware the Dancing Market Puppet - 21st June 22
US Economy Headed for a Hard Landing - 21st June 22
How to Invest in EU - New Opportunities Uncovered - 21st June 22
How To Protect Your Assets During Inflation - 21st June 22

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Stock Market Extremely Strong Pop to Start the Week

Stock-Markets / Stock Markets 2016 Dec 28, 2016 - 01:13 PM GMT

By: Harry_Boxer


The stock market indices started the week off with a very strong move up with an extremely strong pop in the first thirty minutes, reaching the highs for the day. The DOW closed just underneath 20,000 at 19,980. However, in the afternoon, they pulled back in a 3-wave decline, particularly in the last hour, and finished barely ahead on the day.

Net on the day, the Dow was up 11.23 at 19,945.04, 35 points off its high. The S&P 500 was up 5.09 at 2268.88, 5 points off its high. The Nasdaq was up 25.78 at 4965.81, but still 27 points off its high.

Advance-declines were 18 to 11 positive on the New York Stock Exchange, and 17 to 11 positive on the Nasdaq. Up/down volume was just under 3 to 1 positive on New York, total volume of 2.9 billion shares traded. The Nasdaq traded 1.18 billion shares and had an 8 to 3 positive volume ratio. board was mostly higher. (PCLN) was up 7.22 to 1493.42, Alphabet Inc. (GOOG) up 1.64 to 791.55, Apple Inc. (AAPL) up 74 cents to 117.26,, Inc. (AMZN) 10.81 to 771.40, and Netflix, Inc. (NFLX) 2.76 to 128.35.

Baidu, Inc. (BIDU) advanced 1.15 to 164.77, Facebook, Inc. (FB) popped 74 cents to 118.01, and First Solar, Inc. (FSLR) gained 1.37 to 33.99.

Tesla Motors, Inc. (TSLA) jumped 6.19 to 219.53.

Other stocks to the upside included NVIDIA Corporation (NVDA), closing just off newly set all-time highs, was up 7.54 to 117.32 intraday, and Achaogen, Inc. (AKAO) up 1.02 to 14.03.

On the downside, Amphastar Pharmaceuticals, Inc. (AMPH), on negative news, dropped 1.86 to 18.57.

The Direxion Daily S&P Biotech Bull 3X ETF (LABU) lost 1.18 to 34.18as biotech’s did not have a good day today.

Checking percent-gain leaderboard, Moleculin Biotech, Inc. (MBRX) gained 79 cents, or 40%, to 2.75, on 3.5 million shares traded. Northern Dynasty Minerals Ltd. (NAK) bounced 57 cents, or 30%, to 2.46, on 11 million shares traded. ENGlobal Corporation (ENG) climbed 54 cents, or 28%, to 2.46, on 1.7 million shares traded. Intrepid Potash, Inc. (IPI) jumped 43 cents, or 20%, to 2.60, on 2.3 million shares traded. One of our favorites, Cemtrex Inc. (CETX), closed near its multi-year highs, up 77 cents, or 14%, to 6.42, on 1.3 million shares traded.

Swing trade Conatus Pharmaceuticals Inc. (CNAT) ran 1.68 to 6.11, or 38%, on 23 million shares traded.

Cyclacel Pharmaceuticals, Inc. (CYCC) bounced 1.23, or 31%, to 5.18, on 2.5 million shares traded. GOL Linhas Aéreas Inteligentes S.A. (GOL) ran 1.43, or 11%, to 14.06. Luxoft Holding, Inc. (LXFT) advanced 1.35, or 2.45%, to 56.55.

Stepping back and reviewing the hourly chart patterns, the indices exploded at the get-go, with a big gap and very sharp run in the first thirty minutes, and then the rest of the day was spent pulling back and consolidating.

Good Trading!


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 . 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