Closing Analysis

Positive Day for Wall Street Thu Jul 18th 2019

Stock market indices opened to the upside on Thursday. They moved up, consolidated, rolled over, and reached session lows at the start of the noon hour. They then rallied back up, forming coils and wedges, pulled back on Fed Williams rate cut statements, and then took off. With an hour to go, they reached session highs on both indices, came down, and had a nice pop into the close, to end the session on a very positive note. Net on the day, the Dow was up 3.12 at 27,500.69. The S&P 500 was up 10.69 at 2995.

Trade Deal Continues to Influence Markets Wed Jul 17th 2019

The stock market indices opened to the downside on Wednesday, and then wedged and stair-stepped lower to midmorning lows. They bounced, and then consolidated the rest of the morning and into the afternoon, pulling back and testing support several times, making lower-lows, and then they popped slightly into close. Net on the day, the Dow was down 115.78 at 27,219.85. The S&P 500 was down 19.62 at 2984.42. The Nasdaq 100 was down 38.31 at 7888.76.

Stocks Plunge Amid Trade Comments Tue Jul 16th 2019

The stock market had a sloppy day on Tuesday, opening to the downside. By midmorning both indices reached their highs for the day, but on statements by Trump that a trade deal between the U.S. and China may take longer, they plunged to session lows. Midafternoon they rallied back, and then at the end of the day, they rolled over into the close to close negative on the session. Net on the day, the Dow was down 23.53 at 27,335.63. The S&P 500 was down 10.26 at 3004.04. The Nasdaq 100 was down 39.85 at 7927.08.

Consolidation Day Mon Jul 15th 2019

Markets has a sloppy, choppy, consolidation day on Monday. The S&P 500 opened at 3017.80, and immediately pulled back to 3010.92, before rallying back up. The Nasdaq 100 opened similarly to the upside, a positive high of 7963.25, pulled back and worked its way down to morning lows at 7940.45, and rallied back up. Both indices continued to make volatile highs and lows all morning. They popped, rolled over, consolidated down to new lows, tested support twice, but didn’t get through.

Sloppy Day with New Record Highs Fri Jul 12th 2019

The stock market had a topsy-turvy day on Thursday, opening to the upside, but rolled over early on, taking the S&P 500 down to 2992.12 and the Nasdaq 100 to 7902.02. They then rallied back up, both the indices reaching session highs at 3002.33 S&P 500 and 7934.60 Nasdaq 100. They rolled over again to resistance at 2998 S&P 500 and 7900-20 Nasdaq 100, bounced, pulled back, and reached session lows at 2998.80 S&P 500 and 7873.16 Nasdaq 100.

Temporary Delay Thu Jul 11th 2019

Due to technical problems Harry will be delayed in getting both the Closing and Charts of the Day up and running. Thank you for your patience.

Good Day for Wall Street Wed Jul 10th 2019

The stock market had a fantastic day on Wednesday as the indices surged early and reached session highs early on, taking the S&P 500 to 3002.98 and Nasdaq 100 to 7923.93. They pulled back, popped, and then came 5-waves down to the morning lows. They rallied back up, consolidated, rolled over mid-afternoon, and a selloff pursued that took them down slightly, but then rallied back up to close about 11 points off the high on the S&P 500 and 23 points off the high on the Nasdaq 100.

Tech Stocks Give Market Much-Needed Boost Tue Jul 9th 2019

The stock market major indices finished with a mixed session at the close on Tuesday.They opened sharply to the downside for the third day in a row, but rallied back 19 points on the S&P 500 and more than 85 points on the Nasdaq 100  The S&P 500 reached early highs at 2974.22, pulled back sharply to morning lows at 2963.44, rallied, formed vertical wedges, and then went into a long, 5-wave ascending formation. By mid morning, the S&P 500 reached 2975.71, and by noon it was at 2974.76.

Nasty Day to Start the Week Mon Jul 8th 2019

Markets had a very nasty, mixed session on Monday as they opened lower and remained lower all day but off the lows. The S&P 500 opened, came down, and then rallied to the morning high and session high at 2980.76. The Nasdaq 100 opened just above support at 7790.46, pulled back to 7756.11, rallied back up to support, couldn’t get through, and came down.

Stocks Hit Record High before 4th of July Holiday Wed Jul 3rd 2019

The stock market opened slightly higher on Wednesday and it was mostly a consolidation day just before the holiday. Indices worked their way higher early and reached midmorning highs on the S&P 500 at 2987.88 and the Nasdaq 100 at 7844.63. They rolled over, took a little dip, rallied back up, and kept on going, both indices closing at the highs for the day. Net on the day, the Dow was up 179.22 at 26,966.00. The S&P 500 was up 22.81 at 2995.82. The Nasdaq 100 was up 57.87 at 7857.69.



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