Closing Analysis

Decidedly Negative Session Thu Sep 21st 2017

The stock market indices had a tough session with a very sharp slide early on, then a sharp rally that took back about two-thirds or three-quarter of the losses, but then they rolled back over and finished decidedly negative on the day. Net on the day, the Dow was down 53.36 at 22,359.23. The S&P 500 was down 7.64 at 2500.60. The Nasdaq 100 was down 38.69 at 5934.91. Advance-declines were 5 to 4 negative on the New York Stock Exchange, and 15 1/2 to 12 negative on the Nasdaq.

FOMC Meeting Stirs Up the Market Wed Sep 20th 2017

The stock market indices ended with mixed session on Wednesday as the  FOMC had their meeting today, and a lot of volatility resulted. In the morning, the indices had a little bit of a pop, they then came down, rallied back mid day and rolled over hard after the FOMC meeting. It was a very sharp decline that took them below support, but they snapped back very sharply.

Interesting Mixed Session to Start the Week Mon Sep 18th 2017

The stock market indices had an interesting ,but mixed session to start the week. The day started out with a move sharply higher at the opening, pulled back and consolidated until midday, and then an afternoon rollover took them down sharply. The Nasdaq 100 dropped from 6005.00 to 5964.00, about 41 points, and the S&P 500 dropped about 7 points. They rallied back in the last hour and  took back about fifty percent of the losses. Still, it was a mixed session. Net on the day, the Dow was up 63.

A Very Mixed Session Thu Sep 14th 2017

The markets had a mixed session today. They started out with big gap to the downside, plunged to support on the S&P 500, a little bit below it on the Nasdaq 100, and had a very strong rally in the morning. That took back most of the losses, and the S&P 500 actually made a nominal new ALL TIME high today. They backed off, then backed and filled, held support all day on the S&P 500, but made lower-lows on the Nasdaq 100.   Net on the day, the Dow was up 46.30 at 22,203.48.

Spectacular Start to the Week Mon Sep 11th 2017

As many Americans remembered 9/11, the stock market was having a spectacular day. The pre markets   futures exploded and the indices opened with large gaps, then they pulled back, much less on the S&P 500 than the Nasdaq 100. The Nasdaq 100 pulled back near the opening gap and held it. The indices rallied midday to the session highs on the S&P 500, but couldn’t make new highs on the Nasdaq 100. They backed off, consolidated the rest of the day, but held onto a vast majority of their gains.

Consolidation Day With Very Flat Technicals Thu Sep 7th 2017

The markets had a mixed session at the close on Thursday, with the Nasdaq up and the blue chips down. The day started out with a little bit of a pop, then a pullback, but the strongest part of the session was the rally was in the morning. After  that they pulled back midday, bounced in the afternoon, and then they backed off and consolidated. Basically, it was somewhat of a flatish session and narrowly mixed. Net on the day, the Dow was down 22.86 at 21,784.78. The S&P 500 was down .44 to 2465.10.

A Positive Session Wed Sep 6th 2017

The stock market indices had a positive come-back session on Wednesday  Although they did gap up at the open, they came down pretty hard, held support, and did a nice come-back in the afternoon, taking the Nasdaq 100 from 5910 to 5965. That’s a 55-point rally. The S&P 500 bounced from 2459 to nearly 2470. However, in the last 35-40 minutes, they gave back a big chunk of the gains, but, still, they ended the day positive, just not as good as it could have been.  Net on the day, the Dow was up 54.

Negative Start to the Week Tue Sep 5th 2017

The stock market opened lower today and went down all day. Only in the last hour did they snap back a little to pare back the losses, but they still closed substantially lower on the session. Net on the day, the Dow was down 234.25 at 21,753.31. The S&P 500 was down 18.70 at 2457.85, about 11 points off the low. The Nasdaq 100 was down 55.17 at 5932.73, 42 points off the low Advance-declines were 2 1/2 to 1 negative on the New York Stock Exchange, and 2 to 1 negative on the Nasdaq.

Market Ends the Month with a Strong Session Thu Aug 31st 2017

The stock market ended the month on a very high note. It was the third consecutive rally day. They gapped up, formed an early morning consolidation in a 3-wave corrective wedge, broke out midday, reached the second wave high, and then pulled back in a flag pattern to extend to late in the day, reaching near 2475 S&P 500 and 5995 Nasdaq 100. The Nasdaq 100 was very near its all-time high at that point. In the last fifteen minutes they backed off, but still ended very positive on the session.

An Exceptional Day and Breakout Day for the Indices Wed Aug 30th 2017

The stock market had a big day On Wednesday, especially in many individual stocks. That said, the indices did run up in a rising intraday channel after a strong opening. A 5-wave advanced resulted, but with an hour to go they were at the session highs and got an expected late pullback on profit taking, but managed to bounce into the close to add to the gains.   Net on the day, the Dow was up 27.06 at 21,892.43, 55-60 points off the low. The S&P 500 was up 11.29 at 2457.



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