Day Trading with Hary Boxer

The stock market indices started off with a bang on Nasdaq, but not so with the rest of the indices, and there was a mixed market at the close.

The day started out with a sharp move lower at the opening, and then a quick rally, lower on the opening on Nasdaq, but the S&P 500 held up very well. They both rallied sharply into the first hour, then pulled back sharply and retraced, but held. They then rallied into the afternoon, broke out above the morning highs, ran up near 2600 on the NDX and 1348 on the SPX, before pulling back in the last hour. They did, however, manage to hold on, and didn’t break support.

Net of the day, the Dow was down 25.35 at 12,741.82, about 40 points off its high, the S&P 500 was up 1.94 at 1344.78, 10 points off its low and 4 points off its high, and the Nasdaq 100 up 21.29 at 2592.52, 7 points off the high.

Advance-declines were about 3 to 2 positive on New York, and flat on Nasdaq. Up/down volume was flat on New York. Nasdaq had a 2 to 1 positive volume ratio.

TheTechTrader.com board was active and had many point-plus gainers. It was an outstanding trading day for our subscribers. Apple Inc. (AAPL) led the market as well as the NDX higher today, up 11.65 to 585.78, and closed just 2 points off its high.

In addition, Google Inc. (GOOG), up 6.34 to 570.85, and Amazon.com Inc. (AMZN) up 4.31 to 222.66 were outstanding issues today.

However, the big gainer today was Rosetta Genomics, Ltd. (ROSG), which exploded 4.87 to 14.30, or 52%, on 3.2 million shares.

NuVasive, Inc. (NUVA), one of our swing trades got up to 23.60, backed off to 22.89, but still up 1.24, on 1.6 million shares. SolarWinds, Inc. (SWI) was up 1.43 to 46.56. Vertex Pharmaceuticals Incorporated (VRTX) gained 1.23 to 57.77. VIVUS Inc. (VVUS) gained 1.00 even to 26.74. Sourcefire, Inc. (FIRE) advanced 1.47 to 52.97. Facebook, Inc. (FB) jumped 1.40 to 31.41, although it traded over as high as 32.08 earlier. Dunkin' Brands Group, Inc. (DNKN) reached an all-time new high today at 36.12, closing up 1.17 to 35.90.

Other stocks of note on our board today that were big percentage gainers included InterDigital, Inc. (IDCC), up 6.20 to 29.08, or 27%, on 7.4 million shares on positive news. Patriot Coal Corporation (PCX) gained 25 cents to 1.50, or 20%, on 12 million shares. Genetic Technologies Ltd. (GENE) advanced 89 cents to 4.24, or 26 1/2%, on 1.2 million shares. Amyris, Inc. (AMRS) advanced 46 cents to 3.12, or 17%. Mitek Systems Inc. (MITK) snapped back 41 cents to 3.35, or 14%, on 1.6 million shares. ProShares Ultra DJ-UBS Natural Gas (BOIL), which we traded today, popped 4.62 to 42.02, or 12 1/2%.

Groupon, Inc. (GRPN) advanced 1.09 to 11.15, or 11%, on 13.6 million shares. Vringo, Inc. (VRNG) popped 36 cents to 4.02, or 10%, on 2.4 million shares. Patrick Industries Inc. (PATK) was up 1.24 to 14.14, or 10%.

Arena Pharmaceuticals, Inc. (ARNA) was up 98 cents to 9.38, or 11 1/2%, on 46 million shares. Osiris Therapeutics, Inc. (OSIR) ran 94 cents to 10.12, or 10%, on 1.8 million shares. Amarin Corporation (AMRN) gained 64 cents to 12.48.

Fusion-io, Inc. (FIO) was up 1.69 to 20.86. United States Natural Gas (UNG) gained 1.14 to 18.30. Mellanox Technologies, Ltd. (MLNX), which we traded today, rose 4.80 to 71.53. Tesla Motors, Inc. (TSLA) gained 1.93 to 31.84. VeriFone Systems, Inc (PAY) was up 1.74 to 32.20. And Yandex N.V. (YNDX) was up 1.00 to 18.56. These were among the gainers on our board today.

Cirrus Logic Inc. (CRUS) gained 1.65 to 30.63. Francesca’s Holdings Corporation (FRAN) advanced 1.24 to 27.32. Align Technology Inc. (ALGN) popped 1.51 to 33.25. Liquidity Services, Inc. (LQDT) jumped 2.78 to 59.19. eBay Inc. (EBAY) advanced 1.82 to 42.49.

Those were among the point-plus gainers today.

On the downside, Goldman Sachs (GS) was down 2.03 to 93.63.

Ultra-short ProShares Ultra VIX Short-Term Futures ETF (UVXY) got slam-dunked for 2.54 to 12.64.

Stepping back and reviewing the hourly chart patterns, the indices were up sharply in the morning, pulled back late morning, and rallied again sharply into the mid-afternoon before backing off in the last hour, hour and a half, but still managed to close mixed on the day, and positive on the Nasdaq 100.

Let’s see how it goes tomorrow.

Good Trading!

Harry