Closing Analysis

Mixed Topsy-Turvy Day

Closing Technical Market Analysis for Thu February 14th 2019

The market had a mixed, topsy-turvy day on Thursday as the indices bounced around all day. The Nasdaq 100 opened to the upside, pulled back to session lows at 6969.69 early morning, stair-stepped its way up to 7026.64 midmorning, pulled all the way back down to near 6991.00 twice, and then ran up to 7042.65 during the noon hour. They bounced around the rest of the afternoon, reaching session highs at 7047.88 in the last hour, and pulled back slightly at the close to finish positive on the day.

Net on the day, the Dow was down 103.91 at 25,439.39. The S&P 500 was down 7.30 at 2745.73. The Nasdaq 100 was up 6.54 at 7022.42.

TheTechTrader.com board was mixed on Thursday. Alphabet Inc. (GOOG) was up 1.51 to 1121.67, Netflix, Inc. (NFLX) up 7.30 to 35907, NVIDIA Corporation (NVDA) 1.65 to 154.53, and Intuitive Surgical, Inc. (ISRG) 2.61 to 536.08.

Other stocks to the upside included Evolus, Inc. (EOLS) up 1.26 to 27.26, and Tandem Diabetes Care, Inc. (TNDM) up 3.06 to 49.28.

To the downside, Amazon.com, Inc. (AMZN) was down 17.35 to 1622.65, Tesla, Inc. (TSLA) down 4.40 to 303.77, Electrameccanica Vehicles Corp. (SOLO) bounced 48 cents or 11%, to 4.81, on 51 million shares.

Checking TheTechTrader.com percent-gain leaderboard, Reebonz Holding Limited (RBZ) eked out 40 cents, or 30%, to 1.70, on 18 million shares. Electrameccanica Vehicles Corp. (SOLO)

Invacare Corporation (IVC) climbed 3.29, or 62%, to 8.61, on 15 million shares. Rockwell Medical, Inc. (RMTI) advanced 45 cents, or 13%, to 4.00.

Marathon Oil Corporation (MRO) stair-stepped 1.37, or 9%, to 16.92, on 36 million shares. Omeros Corporation (OMER) popped 1.26, or 10%, to 14.35, on 1.7 million shares. Vanda Pharmaceuticals Inc. (VNDA) gained 1.70, or 9%, to 20.12, on 2.5 million shares. Insight Enterprises, Inc. (NSIT) closed up 5.96, or 12%, to 54.34. YETI Holdings, Inc. (YETI) thrust 3.24, to 17%, to 21.90, on 6.4 million shares. Sleep Number Corporation (SNBR) ran 5.37, or 15%, to 41.13, on 4.2 million shares. CyberArk Software Ltd. (CYBR) closed up 17.68, or 20%, to 104.06, on 5.4 million shares. AstraZeneca PLC (AZN) moved up 3.40, or 9%, to 39.98, on 12 million shares. Bloomin' Brands, Inc. (BLMN) gained 1.73, or 9%, to 21.06, on 4.7 million shares.

Among other gainers, Quidel Corporation (QDEL) was up 3.17 to 64.30, Zebra Technologies Corporation (ZBRA) up 12.50 to 196.47, Arista Networks, Inc. (ANET) 4.38 to 240.78, Domo, Inc. (DOMO) 1.98 to 31.19, IQVIA Holdings Inc. (IQV) 9.31 to 141.13, Tencent Music Entertainment Group (TME) 1.12 to 16.99, and Okta, Inc. (OKTA) 1.60 to 85.20.

Let’s see what happens tomorrow.

Good Trading! 

Harry  


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