Closing Analysis

Volatile Session with Close in Plus Column Tue Dec 18th 2018

The markets had a tough session on Tuesday, starting day off with a pop to the upside and a very strong rally, but by the end of the day they gave back all of it and then some, before a late rally brought them back to the plus column. Net on the day, the Dow was up 82.66 at 23.675.64. The S&P 500 was up .22 at 2546.16, 18 points off the low and 37 points off the high. The Nasdaq 100 was up 43.13 at 6491.52, 57 points off the low and 57 off the high, so at that medium range.

Setting Up for a Climatic Low? Mon Dec 17th 2018

The stock market started the week with a start on Monday, crushing it from the get-go, basically with large moves early on. Then then bounced in a 5-wave advance that got right to resistance and fell at the top of the declining channel. The rest of the day was spent selling off. The Nasdaq 100 dropped from 6625.00 to 6400.00, 225 points and the S&P 500 from 2600 to 2530, 70 points. It was a huge move downward and 2 1/2-3% loss on both.

Orderly Consolidation Day Thu Dec 13th 2018

The stock market had an interesting volatile day again on Thursday, and finished near the flatline. It may have been a mixed session, consolidation day, perhaps. The day started out with a pop to the upside, had a quick pullback, held, popped again but could not get through key resistance, particularly the 6832 Nasdaq 100, and 2670 S&P 500. They sold off in a 5-wave decline, which ended mid afternoon, and had a late snapback rally. Net on the day, the Dow was up 70.11 at 24,597.38. The S&P 500 was down .

Strong Volatile Mixed Session Tue Dec 11th 2018

The markets had a strong volatile session on Tuesday, gapping up early on, backing and filling, unable to get further progress, and then sold off in a 5-wave decline, taking the Nasdaq 100 from 5785 to 6650, 135 points. The S&P 500 went from 2678 to 2621. That was a huge drop for that index. Then the rallied ensued, and after secondary key, big support they rallied and snapped back sharply.

Turn-Around Monday Mon Dec 10th 2018

The markets had a big reversal day on Monday after coming down early and making new lows for the entire move. The Nasdaq 100 went from under 6534, and then rallied sharply to get up to 6710, about 175 points from top to bottom. It pulled back about 30 points at the end of the day. The S&P 500 reversed from a 2583.23 pullback low to 2647.51, before reversing 10 points at the end of the day. All three indices closed in the green. Net on the day, the Dow was up 34.31 at 24,423.26, about 600 points off the low.

Strong Rally Back Thu Dec 6th 2018

The stock market suffered very sharp losses early on Thursday, but then stabilized when the Nasdaq 100 tried to follow the S&P 500 to new lows just before lunch hour. Then they went into a 5-wave explosive rally that took the Nasdaq 100 all the way back into the plus column to close up on the day, while the Dow and S&P 500 closed way off the lows but still in the red. Net on the day, the Dow was down 79.40 at 24,947.67, more than 725 points off the low. The S&P 500 was down 4.11 at 2695.95.

Wall Street Suffers Historic Loss Tue Dec 4th 2018

It was certainly turn-down Tuesday for the stock market, slammed for one the worst losses in history with the Dow down 799.36 at 25,027.07, 35 points off the low. The S&P 500 was down 90.31, 3.2%, at 2700.06. The Nasdaq 100 was down 266.92  or 3.8% at 6795.21, 10 points off the low. Advance-declines were almost 6 to 1 negative on the New York Stock Exchange, and about 6 to 1 negative on the Nasdaq. Up/down volume was almost 15 to 1 negative on New York, total volume 4 1/4 billion shares traded.

Very Positive Session Mon Dec 3rd 2018

The stock market had a strong bullish day on Monday on positive trade talks. The indices gapped up huge, and then sold off into the early afternoon when they bottomed with the Nasdaq 100 making a lower-low and the S&P 500 making the higher-low. A positive divergence which created a rally back to the close to bolster the day’s gains. Net on the day, the Dow was up 287.97 at 25,826.43, about 160 points off the high. The S&P 500 was up 30.20 at 2790.37, 10 points off the high. The Nasdaq 100 was up 113.

Huge Day for Wall Street Wed Nov 28th 2018

The stock market exploded on Wednesday after Jerome Powell indicated a more neutral dovish posture for the FOMC .The explosion that took place after the market opened strong and pulled back, took the Nasdaq 100 from 6720.00 to 6914.79, nearly 200 points. The S&P 500 pulled back midmorning to 2684.38, but after Powell spoke it ran up to 2744.00, about 50 points straight. It was a beautiful session with all three indices closing at the highs going away. Net on the day, the Dow was up 617.70 at 25,366.43.

Closed Green with Poor Technicals Tue Nov 27th 2018

The stock market had a good day on Tuesday in terms of price performance but not technically. The indices closed near the highs for the day near overhead resistance, declining topsline and moving averages. A failure to break through here and they may roll over. If it pops at this level they could have a short covering and a spike up. It will be interesting to see what happens on Wednesday. Net on the day, the Dow was up 108.49 at 24,748.73. The S&P 500 was up 8.72 at 2682.17 at the highs for the day.



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