Closing Analysis

Nasty Reversal Day Thu Dec 14th 2017

The stock market had a difficult session on Thursday, however they did start out with a nice pop to the upside, reaching new all-time highs on the Nasdaq 100 at 6423.68, but the S&P 500 did not make new highs. They actually formed bear wedges, and then came down all day. At the end of the day, the indices closed at the lows for the day going away. Net on the day, the Dow was down 76.77 at 24,508.66, right at the low for the day. The S&P 500 was down 10.84 at 2652.

Mixed But Positive Session Wed Dec 13th 2017

The stock market indices had a mixed session on Wednesday as the FOMC decided to raise interest rates by 1/4 %. The day started out with a big pop to the upside, and then they stalled at NDX 6416 and 2672 S&P 500. They pulled back in falling wedges, and then rallied on the FOMC announcement, but couldn’t get through the earlier resistance highs.

Positive Session with Weak Technicals Mon Dec 11th 2017

 The stock market had a good start to the week. The technicals weren’t terrific, but the price patterns were steady, and the stocks we traded did very well, particularly several Bitcoin related issues. The day started out with a pop to the upside, they consolidated in the morning, and then ripped into midday before pulling back in an orderly fashion. At the end of the day they came on again and closed at the highs for the day on the S&P 500, and not far from the highs on the Nasdaq 100.

Positive Session with Decent Technicals Thu Dec 7th 2017

The stock market indices had a positive session on Thurday  with all of the blue chips and tech stocks rallying with technicals improving as well. The day started out with a little pop to the upside, they pulled back, retested, and when that was successful, they extended to the session highs by midday. An afternoon rollover retested supporft, but that was successful as well. They bounced in the last hour to end the session in the green. Net on the day, the Dow was up 70.57 at 24,211.48.

Mixed Session With Weak Technicals Wed Dec 6th 2017

The stock market had a mixed session on Wednesday. The Nasdaq was very strong, but the blue chips were weak. A lot of stocks we follow did well, but looking at my board, I can see more red than green.   The day started out with a little pop to the upside on both indices, and then they had a little pullback-retest. When the retest held, they went to higher highs on both the Nasdaq 100 and the S&P 500, just slightly, but couldn’t break through resistance, and backed off.

Big Nasty Reversal Day, Especially for the Nasdaq 100 Mon Dec 4th 2017

The stock market indices started off the week better than expected because of the positive tax vote late Friday, but they then sold them off very sharply, especially the Nasdaq 100, which, from top to bottom, lost 117 points, giving up a more than 40-point gain. The S&P 500 jumped to as high as 2665.19, but closed 26 points off the high. However, the DOW hit an all-time high today at 24,534.04, but gave up 244 points as well, although it closed in the green while the S&P 500 and Nasdaq 100 closed red.

Sloppy Mixed Session To Start The Week Mon Nov 27th 2017

The stock market indices had an interesting, mixed day today, but lousy technicals belied the actual trend. I think the markets were down today across the board. If it wasn’t for PCLN, GOOG, and AMZN being up substantially ,  the Nasdaq 100 would have had a worse day.  Net on the day, the Dow was up 22.79 at 23,580.78, reaching as high as 23,639.00 earlier in the day. The S&P 500 was down 1.00 at 2601.42, reaching a new, all-time high at 2606.41. The Nasdaq 100 was down 3.32 at 6,405.97.

Tough Start Ends Positive Mon Nov 20th 2017

The stock market had a mixed, but tough session today. The day started out with a little pop to the upside, they then came down, and by late morning, near the noon lunch hour, the indices hit the session lows. In the afternoon, the S&P 500 continued to rally, while the Nasdaq 100 pulled back. At the end of the day, they had a deeper retrace before the late bounce brought them back to mixed territory. Net on the day, the Dow was up 72.09 at 23,430.33. The S&P 500 was up 3.29 at 2582.

Spectacular Session! Thu Nov 16th 2017

The stock market had a spectacular day today, and a fantastic run up off the opening up gaps . The indices ran strongly after  the opening gaps  and only in the afternoon when they reached a midday peak did they pull back in the last couple hours, but gently so, and in a very orderly fashion. Net on the day, the Dow was up 187.08 at 23,458.36, some 30 points off the high. The S&P 500 was up 21.02 at 2585.64, less than 5 points off the high, and not far from the all-time high.

Volatile session ends lower despite mid day rally back Wed Nov 15th 2017

The stock market indices had a very volatile day starting with big gaps down, then slipping to lower-lows . They picked up near support and rallied back very strongly, taking back about thee quarters of the losses, and then pulled back in falling wedges by mid day. They tried to rally in the afternoon, but couldn’t take out the highs, and rolled over hard in the last hour. Only a late, 5-minute bounce prevented them from closing at the afternoon pullback lows. Net on the day, the Dow was down 138.



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