Closing Analysis

Very, Very Strong Session Thu Sep 20th 2018

The stock market had a very strong session on Thursday and as the day wore on the indices worked their way slightly higher, consolidated, and the technicals actually improved. Net on the day, the Dow was up 251.22 at 26,656.98. The S&P 500 was up 22.80 at 2930.75. The Nasdaq 100 was up 78.71 at 7569.03. Advance-declines were 19 to 9 positive on the New York Stock Exchange, and 22 to 8 positive on the Nasdaq. Up/down volume was 3 1/2 to 7 positive on New York, total volume of 2.2 billion shares traded.

Techs Still Under Pressure as Blue Chips Dominate Wed Sep 19th 2018

The stock market had a mixed session on Wednesday. The price pressure persisted on the tech stocks on the Nasdaq 100. They popped at the opening, but then dropped back sharpy by 70 points on the Nasdaq 100.However,the S&P 500 held up better at that point, even though it did pull back from 2911 to 2904. They spent the rest of the day in a consolidation coiling-type pattern on the S&P 500.

Strong Session on Turn-Around Tuesday Tue Sep 18th 2018

It was turn-around Tuesday, as the markets certainly had a strong session. They took out overhead resistance quickly in the morning with very sharp up moves and finished with strong gains at the close. There was a 3-wave corrective pullback in the afternoon, but by the end of the day they held important intraday support levels.

Negative Start to the Week Mon Sep 17th 2018

The markets had a tough session on Monday, with sharp losses that led to a sharp decline which led to a morning low around midmorning. They rallied into rush hour, pulled back in the afternoon, formed coils or wedges, and then broke down, and rolled over hard, only to bounce in the last few minutes to close at the lows for the day going away. Net on the day, the Dow was down 92.55 at 26,062.12. The S&P 500 was down 16.18 at 2888.80. The Nasdaq 100 was down 110.77 at 7434.73.

Mixed Consolidation Day Wed Sep 12th 2018

The stock market had a sharp sell-off at the opening on Wednesday, taking back a big chunk of Tuesday’s gains. They rallied back after news that U.S. and China were going to resume trade talks. The rest of the day was backing and filling, and a late rally did bring them back to close mixed on the session. Net on the day, the Dow was up 27.86 at 25,998.92. The S&P 500 was up 1.03 at 2888.92, 6 points off the low. The Nasdaq 100 was down 19.81 at 7488.06, 87 points off the low.

Strong Rally Weak Technicals Tue Sep 11th 2018

The stock market had a terrific day on Tuesday. The day started out with the indices getting a big hit to the downside, and then they rallied sharply all day in a 4-wave advance, 2 waves up and a consolidation in the last half of the session, which held up well. Net on the day, the Dow was up 10.99 at 25,971.06. The S&P 500 was up 10.76 at 2887.89, 5 points off the high. The Nasdaq 100 was up 60.20 at 7507.87, 12 points off its high.

Ugly Day Finishes Mixed Thu Sep 6th 2018

The stock market had another ugly day on Thursday but finished mixed on the session. Net on the day, the Dow was up 20.88 at 25,995.87. The S&P 500 was down 10.55 at 2878.05. The Nasdaq 100 was down 70.09 at 7453.17. Advance-declines were 17 to 12 negative on the New York Stock Exchange, and almost 2 to 1 negative on the Nasdaq. Up/down volume was just under 2 to 1 negative on New York, total volume of 3 billion shares traded. The Nasdaq traded 2 1/4 billion shares and had a 16 to 7 negative volume ratio.

Mixed Session, Marijuana Stocks Fly Wed Sep 5th 2018

The stock market had a down day for the most part on Wednesday. They opened down, stair-stepped lower, made lower-lows, rallied in the afternoon, the DOW managed to run up to the green and finish there, while the S&P 500 and Nasdaq 100 pulled back and closed red. Net on the day, the Dow was up 22.51 at 25,974.99. The S&P 500 was down 8.12 at 2888.60. The Nasdaq 100 was down 99.06 at 7523.26, 25 points off the low.

Volatile Day to Start the Week Tue Sep 4th 2018

The stock market had a down day on Tuesday, but a nice couple rallies brought them back from the depths of steep early declines. The Nasdaq 100 slumped from over 7650 to 7580, and then snapped back to 7645, which was followed by another steep decline to 7587. In the last couple hours, they rallied back to 7622. The S&P 500 also had a wide-range decline, going from 2901 to 2886, then back up to 2900, made a nominal new low at 2885, and then rallied back to 2896.

Very Strong Session Wed Aug 29th 2018

The stock market had a very strong session on Wednesday. The day started out with a gap to the upside, a bit of a consolidation that took them to the midday highs, and then they consolidated again for a few hours, only to bounce again and break out to new all-time highs late in the day, reaching 7660.00 Nasdaq 100 and 2916.50 S&P 500. Only in the last few minutes did they bring the S&P 500 back down slightly to close in the positive column for the session. Net on the day, the Dow was up 60.55 at 26,124.



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