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14 Apr 2015
US Indices see a nasty start – TechTrader
FXStreet (Barcelona) - Harry Boxer of The Technical Trader, summarizes the intraday performance of US Indices, noting that after gapping up to the upside at the start, Dow, S&P 500 and the Nasdaq ended the day negative.
Key Quotes
“The stock market indices started the day out with a bang this morning. They gapped and ran hard to new rally highs, reaching to 4448 Nasdaq 100 and 2107 S&P 500. That put a cubage on the rally. They pulled back and accelerated lower midday, coming down sharply. They bounced in the afternoon, but the rising wedges they formed were bearish, and they came down again into the close. It was a nasty day for the market.”
“Net on the day, the Dow was down 80.61 at 17,977.04. The S&P 500 was down 9.63 at 2092.43, 16 points off its high. The Nasdaq 100 dropped 12.81 at 4409.21, 40 points off its high, but only 2 points off its low.”
“Advance-declines were 19 to 11 1/2 negative on the New York Stock Exchange and 14 to 13 negative on Nasdaq. Up/down volume was 17 to 11 negative on New York, with total volume of 3 billion shares. Nasdaq traded 1 1/2 billion shares, and had an 8 to 7 negative volume ratio. Not too bad there. That was because Netflix Inc. (NFLX) was up 20.11 to 474.68 and Priceline.com (PCLN) up 10.25 to 1199.75.”
Key Quotes
“The stock market indices started the day out with a bang this morning. They gapped and ran hard to new rally highs, reaching to 4448 Nasdaq 100 and 2107 S&P 500. That put a cubage on the rally. They pulled back and accelerated lower midday, coming down sharply. They bounced in the afternoon, but the rising wedges they formed were bearish, and they came down again into the close. It was a nasty day for the market.”
“Net on the day, the Dow was down 80.61 at 17,977.04. The S&P 500 was down 9.63 at 2092.43, 16 points off its high. The Nasdaq 100 dropped 12.81 at 4409.21, 40 points off its high, but only 2 points off its low.”
“Advance-declines were 19 to 11 1/2 negative on the New York Stock Exchange and 14 to 13 negative on Nasdaq. Up/down volume was 17 to 11 negative on New York, with total volume of 3 billion shares. Nasdaq traded 1 1/2 billion shares, and had an 8 to 7 negative volume ratio. Not too bad there. That was because Netflix Inc. (NFLX) was up 20.11 to 474.68 and Priceline.com (PCLN) up 10.25 to 1199.75.”