Closing Analysis

Tough, Mixed Session Mon Mar 25th 2019

The stock market had a tough, mixed session on Monday, but early morning they really took a hit, and then came back. They then rallied to resistance, couldn’t get through, and sold off in a 5-wave decline to retest the lows. That was successful as well, and then they rallied in the afternoon to finish mixed on the session. Net on the day, the Dow was up 14.51 at 25,516.83, approximately 145 points off the low. The S&P 500 was down 2.35 at 2798.36, 30 points off the lows. The Nasdaq 100 was down 9.

Strong, Positive Day Thu Mar 21st 2019

The markets had an exceptional up-day on Thursday. The day started out with a gap down, they immediately reversed and then rallied all session, and sharply so. At the end of the day, they had a half-hour consolidation that didn’t really pull back much, and closed positive on the day. Net on the day, the Dow was up 216.84 at 25,962.51. The S&P 500 was up 30.65 to 2854.88. The Nasdaq 100 was up a whopping 112.52 at 7493.27.

Volatile, Mixed, but Positive Day for Nasdaq 100 Wed Mar 20th 2019

The stock market had a very volatile, mixed day on Wednesday. The S&P 500 and Dow gapped down at the opening and were down nearly all day for the most part, gapping down in large wedges and closing to the downside. Only in late afternoon did both the S&P 500 and Dow rally to the upside and the rolled over. The Nasdaq 100 gapped up at the opening, pulled back slightly, consolidated, and then rolled over in a 5-wave decline just before the noon hour.

Whipsaw Toppy-Type Action Tue Mar 19th 2019

The markets had a very interesting, volatile session on Tuesday. The day started with a big gap up, they consolidated in falling wedges early on and rallied relatively higher late morning, hitting 7390 Nasdaq 100 and 2852 S&P 500. Those were six-month highs. They pulled down sharply midday, rallied back in rising wedges, and then rolled over in a 5-wave decline, the S&P 500 going from 2852 to 2823.27, a 29-point drop. The Nasdaq 100 dropped from 7390 to 7321.93, a 68-point drop.

Topsy-Turvy Monday Mon Mar 18th 2019

The markets had a topsy-turvy day on Monday. The day started out with gaps up, rallied, reaching a high of 2835.41 on the S&P 500, and 7348.69 Nasdaq 100. They bounced, came down, reaching its lows during the noon hour to 2821.99 S&P 500 and 7265.63 Nasdaq 100. They consolidated the all afternoon, rolled over slightly in the last fifteen minutes, bounced, and closed to the upside.   Net on the day, the Dow was up 65.23 at 25,914.10, just 11 points off the high. The S&P 500 was up 10.46 to 2832.

Mixed Session Thu Mar 14th 2019

The markets had a mixed session on Thursday. They started out with a move down, consolidated and then moved back up again, but when they couldn’t get through resistance, they started to rollover. In a very orderly fashion, which opened to be retested, a successful one, they bounced late in the day, but in the last ten minutes, they rolled over, the Nasdaq 100 closing near the lows for the day. Net on the day, the Dow was up 7.05 at 25,709.94. The S&P 500 was down 2.44 to 2808.48.

Solid Mid-Week Session Wed Mar 13th 2019

The markets had a very strong morning on Wednesday, with a 5-wave move that took them to rally highs, reaching 7293 Nasdaq 100. The S&P 500 cracked 2800 to reach 2821.24. At that point in early afternoon, they started a rollover, formed a wedge, and made lower-lows, and closed at the afternoon lows going away. Net on the day, the Dow was up 148.23 at 25,702.89. The S&P 500 was up 19.40 to 2810.92. The Nasdaq 100 was up 55.70 to 7256.98.

Another Down Day Thu Mar 7th 2019

The indices had another volatile down day on Thursday, opening down, bouncing around all day, and then closing to the downside. Net on the day, the Dow was down 200.23 at 25,473.23. The S&P 500 was down 22.52 at 2748.93. The Nasdaq 100 was down 85.58 at 7026.88. TheTechTrader.com board was mostly red on Thursday, but there were some strong gainers. Amazon.com, Inc. (AMZN) dropped another 43.00 to 1625.95, Alphabet Inc. (GOOG) down 14.56 to 1143.30, Apple Inc. (AAPL) 2.02 to 172.50, Facebook, Inc.

Mixed, Volatile Down Day Wed Mar 6th 2019

The stock market had a mixed, volatile session on Wednesday, opening in the red, but at the highs for the day, and continued to the downside throughout the session, closing slightly of the lows. Net on the day, the Dow was down 133.17 at 25,673.46, 45 points off the low. The S&P 500 was down 18.20 to 2771.45, 3 points off the low. The Nasdaq 100 was down 44.32 to 7112.47, 9 points off the low. TheTechTrader.com board was mixed on Wednesday. point-plus losers included Amazon.com, Inc. (AMZN) down 23.

Mixed Session Tue Mar 5th 2019

The markets had a mixed session at the close on Tuesday, having consolidated upper level all day. The day started out with a little dip, test support, consolidated wedges, and then broke out. By midday they were consolidating again, and tested support that held the trendline. In afternoon they made nominal new highs, could not follow through, the S&P 500 showing a line of resistance between 2975 and 1796.



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