Closing Analysis

Mixed, Volatile Down Day

Closing Technical Market Analysis for Wed March 6th 2019

The stock market had a mixed, volatile session on Wednesday, opening in the red, but at the highs for the day, and continued to the downside throughout the session, closing slightly of the lows.

Net on the day, the Dow was down 133.17 at 25,673.46, 45 points off the low. The S&P 500 was down 18.20 to 2771.45, 3 points off the low. The Nasdaq 100 was down 44.32 to 7112.47, 9 points off the low.

TheTechTrader.com board was mixed on Wednesday. point-plus losers included Amazon.com, Inc. (AMZN) down 23.48 to 1668.95, Alphabet Inc. (GOOG) down 4.17 to 1157.86, and Apple Inc. (AAPL) down 1.01 to 174.52.

The Direxion Daily S&P Biotech Bull 3X ETF (LABU) dropped 7.45 to 53.41, Nektar Therapeutics (NKTR) down 2.01 to 36.39, Clovis Oncology, Inc. (CLVS) 1.54 to 27.48, and Puma Biotechnology, Inc. (PBYI) 1.96 to 36.66.

Other stocks to the downside included Teladoc, Inc. (TDOC) was down 3.59 to 60.16, and TripAdvisor, Inc. (TRIP) down 1.67 to 50.65.

To the upside, Facebook, Inc. (FB) was up 1.25 to 172.51, and Netflix, Inc. (NFLX) up 5.31 to 359.61. Intuitive Surgical, Inc. (ISRG) dropped 10.10 to 536.51, NVIDIA Corporation (NVDA) 4.47 to 152.05, Baidu, Inc. (BIDU) 2.50 to 170.24, and Carvana Co. (CVNA) 2.62 to 50.60.

Checking TheTechTrader.com percent-gain leaderboard, Proteon Therapeutics, Inc. (PRTO) bounced 64 cents, or 21 1/2%, to 3.62. J.Jill, Inc. (JILL) popped 86 cents, or 15%, to 6.74, on 3.2 million shares.

Bio-Path Holdings, Inc. (BPTH), on positive drug news, climbed 7.41, or 160%, to 12.02, on 72 million shares

The Stars Group Inc. (TSG), an online and mobile gaming company, gained 1.95, or 12%, to 17.66, on 7 million shares. Zayo Group Holdings, Inc. (ZAYO), a communications company, thrust 3.07, or 12%, to 27.48, on 19 million shares. AeroVironment, Inc. (AVAV) snapped back 7.21, or 10%, to 83.95, on 2.4 million shares. Abercrombie & Fitch Co. (ANF) gained 4.35, or 20%, to 25.70, on 20.5 million shares.

Among other gainers, Ambarella, Inc. (AMBA) was up 1.52 to 42.06, Aon plc (AON) up 6.75 to 164.00, and Dollar Tree, Inc. (DLTR) 4.88 to 100.35.

Let’s see what happens tomorrow.

Good Trading! 

Harry  


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