Closing Analysis

Mixed Volatile Session

Closing Technical Market Analysis for Thu April 4th 2019

The markets had a mixed, volatile session on Thursday. The Dow and S&P closed at new 2019-highs ahead of talks with China, while Nasdaq 100 was weighted down by TSLA‘s continued decline. There were, however, a lot of winners across the TheTechTrader board today. All three indices gapped up at the opening, but the a S&P 500 and Nasdaq pulled back midmorning, rallied back up and then pulled back a couple times before dropping to the S&P 500 low for the day at 2867.14 and Nasdaq 100 at 7496.30. They then consolidated all afternoon as they moved up, the S&P 500 closing up for the day, while the Nasdaq 100 closed in the red.

Net on the day, the Dow was up 166.50 at 26,384.63, 207 points off the high. The S&P 500 was up 5.99 at 2879.39, 2 points off the high. The Nasdaq 100 was down 4.40 to 7540.57, 30 points off the high and 44 off the low.

NYSE total volume was just under 3 billion shares traded and the Nasdaq traded 2.1 billion shares and had a 2 to 1 volume ratio.

TheTechTrader.com board was quite mixed on Thursday. Alphabet Inc. (GOOG) was up 9.08 to 1215.00, Facebook, Inc. (FB) up 2.48 to 176.02, Baidu, Inc. (BIDU) 4.22 to 179.12.

Other stocks to the upside include Teladoc, Inc. (TDOC) up 1.55 to 57.01, uniQure N.V. (QURE) up 3.52 to 63.62, Kornit Digital Ltd. (KRNT) 1.49 to 27.22Dave & Buster's Entertainment, Inc. (PLAY) 2.20 to 55.15, Moderna, Inc. (MRNA) 1.75 to 23.08, At Home Group Inc. (HOME) 1.51 to 20.50, XPO Logistics, Inc. (XPO) 2.59 to 58.57, and Intelsat S.A. (I) 1.23 to 16.63. The Boeing Company (BA) 11.12 to 395.86.

The Walt Disney Company (DIS) 2.23 to 114.75, Alibaba Group Holding Limited (BABA) 2.75 to 181.07, Wynn Resorts, Limited (WYNN) 2.04 to 139.67, Lululemon Athletica Inc. (LULU) 5.16 to 171.37, and

Point-plus losers included Amazon.com, Inc. (AMZN) down 1.84 to 1818.86, Netflix, Inc. (NFLX) 1.87 to 367.88, Intuitive Surgical, Inc. (ISRG) 5.98 to 570.28, and StoneCo Ltd. (STNE) 1.07 to 37.43.

Tesla, Inc. (TSLA) dropped a whopping 24.03 to 267.78.

The Direxion Daily S&P Biotech Bull 3X ETF (LABU) was also down on Thursday, dropping 1.35 to 62.69, along with Exact Sciences Corporation (EXAS) down 2.49 to 90.10.

Point-plus losers included Square, Inc. (SQ) 2.53 to 74.52, Etsy, Inc. (ETSY) 1.16 to 68.30, Roku, Inc. (ROKU) 4.11 to 64.49, Micron Technology, Inc. (MU) 1.01 to 42.89, Okta, Inc. (OKTA) 3.96 to 85.39, Wayfair Inc. (W) 1.01 to 155.03, and Shopify Inc. (SHOP) 10.37 to 194.75.

Checking TheTechTrader.com percent-gain leaderboard, DBV Technologies S.A. (DBVT) closed up 92 cents, or 12%, to 8.76, on 1.9 million shares. Phunware Inc. (PHUN) popped 50 cents, or 9%, to 6.02, on 1.4 million shares. Tonix Pharmaceuticals Holding Corp. (TNXP) bounced 48 cents, or 21%, to 2.81, on 17 million shares. RUHNN HOLDING LTD (RUHN) spiked as high as 9.30, and closed at 8.61, or 10%, on 1.9 million shares. Amtech Systems, Inc. (ASYS) eked out 63 cents or 11%, to 6.29, on 1 million shares. iCAD, Inc. (ICAD) climbed 61 cents, or 12%, to 5.74.

Recro Pharma, Inc. (REPH) ran 1.82, or 28%, to 8.34, on 6.3 million shares.

IPO SILK ROAD MEDICAL INC (SILK) exploded 16.18, or 81%, to 36.18, on nearly 6 million shares. TRADEWEB MARKETS INC. (TW) jumped 8.81, or 33%, to 35.81, on 33 million shares. Soliton, Inc. (SOLY) was up and down all over the place on Thursday and closed up 1.00, or 11%, to 10.00. Liquidia Technologies, Inc. (LQDA) snapped back 1.19, or 12%, to 11.39.

Among other gainers, Calavo Growers, Inc. (CVGW) was up 4.56 to 88.00, Ingersoll-Rand Plc (IR) up 1.64 to 112.34, Capri Holdings Limited (CPRI) 2.36 to 49.31, Spirit AeroSystems Holdings, Inc. (SPR) 2.66 to 90.78, Constellation Brands, Inc. (STZ) 11.76 to 191.45.

Let’s see what happens tomorrow.

Good Trading! 

Harry


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