Closing Analysis

Rally Back To Key Resistance Leaves Trend Direction in Doubt Thu Oct 19th 2017

The stock market indices had a very interesting day today with big gaps to the downside, but after a sharp morning dip they stabilized and started rallying. They retested around midday, and when that was successful, they ran up and closed at the highs for the day going away. Net on the day, the Dow was up 5.44 at 23,163.04, reaching as high as 23,167.24. The S&P 500 went from below 2548.00, up .84 at 2562.10, a 14-point run near the high for the day. The Nasdaq 100 went from 6051.00, down 21.74 at 6,092.

Up-Day with Afternoon Rally But Technicals Lacking Tue Oct 17th 2017

The stock market had another up-day, reaching new all-time highs, and yet it was another day with poor breadth to accompany them. I am concerned that the markets are moving up with terrible breadth and could be setting up for a rollover. The indices had a strong morning rally, the Nasdaq 100 running to 6119.00, hitting a new all-time high. The S&P 500 at that point went to 2659.00, also a nominal, new all-time high.

Positive Session with Weak Technicals Mon Oct 16th 2017

The stock market indices had a successful, positive session tto start the week, with a couple of new all-time index highs, but it wasn’t very broad and the breadth was rather flat. Net on the day, the Dow was up 85.24 at 22,956.96. The S&P 500 was up 4.47 at 2557.64, reaching as high as 2559.47. The Nasdaq 100 was up 22.07 at 6,114.53, which was the high close in history on this one. Advance-declines were slightly lower by a few issues on the New York Stock Exchange, and 8 to 7 positive on the Nasdaq.

Sloppy Mixed Session Thu Oct 12th 2017

The stock market had a  sloppy, mixed  and possibly a reversal day as the indices opened lower, and then rallied to new all-time highs on the Nasdaq 100 near 6094.00. The S&P 500 on three occasions got up to 2555.00, which is the high from earlier in the week, but was unable to get through. That created a non confirming negative divergence, with a potential pullback, which they certainly got. In the afternoon. The Nasdaq 100 pulled back from 6094.00 to 6064.

Good Day for the Market Wed Oct 11th 2017

The stock market had a strong session, opening firm, dipping to the lows for the day, and then rallying the rest of the session, and closing at the highs for the day going away. Net on the day, the Dow was up 42.21 at 22,872.89, reaching all-time highs. The S&P 500 was up 4.60 at 2555.24, also reaching new all-time high and closing at the exact high for the day. The Nasdaq 100 was up 17.73 at 6,081.25, closing short of the all-time high.

Positive Retest Day Tue Oct 10th 2017

The stock market indices started the day out with a big pop to the upside as futures were very firm, and then extended for about fifteen minutes to new all-time highs. They then sharply sold off, bounced mid morning, and then sold off again sharply midday, making the low for the day. In the afternoon, they snapped back, retested forming wedges, and came on again, with a late flag on the Nasdaq 100 indicating a potentially strong close. It definitely popped into the close. Net on the day, the Dow was up 69.

Reversal Day? Mon Oct 9th 2017

The stock markets started out with a bang and hit new all-time highs early today, came down and consolidated midday, and in the afternoon when they couldn't get a rally back going, they rolled over, forming bear flags. They then broke and came down pretty hard and only a late bounce prevented them from closing at the lows for the day. Net on the day, the Dow was down 12.60 at 22,761.07, but reached a high of 22,803 today. The S&P 500 was down 4.60 at 2544.73, after reaching 2551.82.

Interesting,But Volatile Session Wed Oct 4th 2017

The stock market indices had an interesting but volatile day today, first they were down, then back and forth, reaching support and holding twice in the morning, and then they had a really strong rally from mid morning to midday. The Nasdaq 100 spiked up to 6010, a couple points short of its all-time high before pulling back sharply to 5982, 28 points. It bounced back to 6000 and then pulled back slightly. The S&P 500 rallied from 2532 to 2540.50, before pulling back to 2536.

A Positive Day for the Market Tue Oct 3rd 2017

The stock market had a generally positive session on Tuesday   The day started out with a pop to the upside, and then a selloff ensued, particularly on the Nasdaq 100, but then they snapped back, wedged, and consolidated all day on the Nasdaq 100. The S&P 500, while the Nasdaq 100 was consolidating sideways in a narrow range, moved straight up and made an all-time new high over2 535.00. With the DOW getting up to 22,682, it was a positive day for the blue chips as well.


The week started off with a bang for the stock market, futures were higher, and the indices opened with a little bit of a gap, ran up and went back over 6,000 on the Nasdaq 100, and the S&P 500 got up to 2520, which is a new all-time high. A sharp sell-off occurred around midday,especially on the Nasdaq tech stocks, but they bounced back as well as the S&P 500, which didn’t sell off as much, and the day ended with a strong clos   Net on the day, the Dow was up 152.51 at 22,557.

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