Closing Analysis

Difficult Session Ends in the Green Wed Jul 26th 2017

The stock market had a volatile, slightly narrow session, with a little bit of volatility at the beginning and end. The day started out with a pop to the upside, they made new all-time highs on the Nasdaq 100 just under 5955. The S&P 500 popped and made a nominal new high as well just under 2482. They then pulled back in the morning, consolidated midday, tried to rally in the afternoon, and late in the day they pulled back, and then snapped back in the last ten minutes.

Very Good Day for Many of our Nasdaq Stocks Mon Jul 24th 2017

The stock market indices started the day off with a little pop to resistance, they pulled back and held support the same as they have for the last three consecutive sessions. They then started a rally that lasted all day, until the last 20-30 minutes when they pulled back, closing mixed on the day. Net on the day, the Dow was down 66.90 at 21,513.17, 18 points off the low. The S&P 500 was down 2.63 at 2469.91. The Nasdaq 100 was up 19.84 at 5941.37.

Inconsequential Session Thu Jul 20th 2017

The stock market indices had a narrow, but somewhat volatile day. The day started out with a pop to the upside, and then a very sharp, 5-wave sell-off ensued that held support at yesterday morning’s gap on the Nasdaq 100. Then a sharp rallied ensued and they pulled back to test support, and holding support on the Nasdaq 100.

Solid Day on Wall Street Wed Jul 19th 2017

The stock market indices had a darn good day with a gap up at the opening, they formed consolidation patterns early on, held support, and then had a strong midday rally. At the end of the day, the Nasdaq 100 didn’t make much progress in the last few hours, but consolidated nicely while the S&P 500 continued to move higher. Net on the day, the Dow was up 66.02 at 21,640.75. The S&P 500 was up 13.22 at 2473.83. The Nasdaq 100 was up 36.07 at 5916.16, 6 points off the session high.

Good Trading Day for TheTechTrader.com Tue Jul 18th 2017

The stock market had a very strong session today, initially with futures lower, taking a dip, and then a rip, sent them higher. Basically, the pullback after that caused the S&P 500 to make lower lows, but the Nasdaq 100 did not. They set up a positive divergence for a 5-wave rally and closed at the highs for the day going away. Net on the day, the Dow was down 54.99 at 21,574.73, 103 points off the low. The S&P 500 was up 1.47 at 2460.61, within pennies of the high and 10 points off the low.

Sloppy Session, Narrowly Mixed Day Mon Jul 17th 2017

The stock market indices had a rough day today. The day started out with a pop to the upside to new all-time highs on the S&P 500, reaching 2463, and change, and the Nasdaq 100 spiked up to 5860, but still, not a new all-time high. They then rolled over, bounced midday, formed rising wedges, and then came down, making lower lows on the Nasdaq 100, but the S&P 500 did not. They did get a little late snapback to close narrowly mixed on the day. Net on the day, the Dow was down 8.02 at 21,629.

Volatile Session Closes Positive Thu Jul 13th 2017

The stock market indices had a volatile session. First, they moved up in the morning, then came down just as sharply, they managed to hold trendline and moving-average support, and then bounced sharply. They retested the highs and made higher highs on the S&P 500, but the Nasdaq 100 was unable to confirm, and they rolled over in the afternoon. When they double-bottomed and held the morning lows, they rallied back late in the session to finish positive on the day. Net on the day, the Dow was up 20.

Solid Session Wed Jul 12th 2017

It was a big day for Wall Street today. The indices opened with a gap up, they were strong in the morning, consolidated midsession, and ran up again in the afternoon. The S&P 500 trailed a little, but it was a solid session, even though there was a little bit of a late pullback that brought them off the highs. Net on the day, the Dow was up 123.07 at 21,532.14, reaching a new all-time high at 21,580. The S&P 500 was up 17.72 at 2443.25, 2 1/2 points off its high for the day. The Nasdaq 100 was up 69.

Good Day for Wall Street Traders Tue Jul 11th 2017

The stock market indices had an interesting, volatile day today. They came down at the opening, held support, exploded to 5715 on the Nasdaq 100 and got back up to 2428 on the S&P 500. That was kind of resistance on the S&P 500 and channel top on the Nasdaq 100. They then came down hard, particularly after some negative talk about Trump Jr. email, which implicated Russian interference, etc. The bottom line is that created kind of a sonic climax.

Pullback on Profit Taking Mon Jul 10th 2017

The week started off with a bang, then the indices pulled back, the pullback held support, and then they rallied all day, until the last half hour when they pulled back on some late profit taking. It was a positive session for both indices, but the DOW managed to get back into the red column at the end of the day. Net on the day, the Dow was down 5.82 at 21,408.52. The S&P 500 was up 2.25 at 2427.43, about 5 points off the high. The Nasdaq 100 was up 37.68 at 5694.15, 14 points off the high.



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