Closing Analysis

Mixed Session Tue Feb 19th 2019

The stock market started this week off on a positive note on Tuesday and closed just off the highs. Net on the day, the Dow was up 8.07 at 25,891.32. The S&P 500 was up 4.16 at 2779.76. The Nasdaq 100 was up 11.43 at 7066.61. Advance-declines were 2 to 1 positive on the New York Stock Exchange, and 2 to 1 positive on the Nasdaq. Up/down volume was 2 to 1 positive on New York, total volume 3 billion shares traded. The Nasdaq traded 2 billion shares and had a 2 to 1 volume ratio. TheTechTrader.

Mixed Topsy-Turvy Day Thu Feb 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.

Mixed Close Wed Feb 13th 2019

The stock market had an interesting day on Wednesday, popping at the opening to new rally highs, and taking out the 2-day resistance high on the Nasdaq 100 at 7020. At the same time, the S&P 500 popped to Tuesday’s high above 2748 reaching 2761.85, and the Nasdaq 100 reached 7062.58, and then they pulled back in a 3-wave corrective. Midday they consolidated, tried to break out, but wasn’t very successful, and then rolled over in the last hour.

Very Strong Session Tue Feb 12th 2019

The markets had a really-strong session on Tuesday and gapped up and ran all day in 5-wave advances. At the end of the day they did come off of a 6-week top and consolidated nicely without having to give back too much, to close up on the day. Net on the day, the Dow was up 372.65 at 25,425.76. The S&P 500 was up 34.93 at 2744.73. The Nasdaq 100 was up 105.48 at 7014.67. Advance-declines were 2 to 1 positive on the New York Stock Exchange, and nearly 2 to 1 positive on the Nasdaq.

Consolidation-Type Day Mon Feb 11th 2019

The markets had a consolidation-type day on Monday and closed mixed on the session. The day started out with a pop to the upside, they got up to resistance, the Nasdaq 100 reaching as high as 6958.33, and the S&P 500 reached up to 2718.05, and then they sold off in a steady decline on the Nasdaq 100, but the S&P 500 continued to consolidate until it stabilized at 2407.04-.05. Net on the day, the Dow was down 53.22 at 25,053.11. The S&P 500 was up 1.92 at 2709.

And the Overdue Retracement Begins Thu Feb 7th 2019

The markets had a difficult session on Thursday with big gaps down, and then after an early rally failed, they plunged even deeper. The Nasdaq 100 dropped to 6854.35, and then took the afternoon to work its way back to over 6900.00. The S&P 500 plunged to 2687.26, but closed over 2700.00, rallying back about 18 points. Net on the day, the Dow was down 220.77 at 25,169.53. The S&P 500 was down 25.56 at 2706.03, 19 points off the low. The Nasdaq 100 was down 92.64 at 6904.98, about 50 points off the low.

Consolidation-Type Day Wed Feb 6th 2019

The stock market had a consolidation-type day on Wednesday, finishing slightly lower. The day started out with a pop to the upside, a sell-off ensued, secondary support held, they bounced sharply, and backed and filled in a declining-type pattern the rest of the session to finish slightly off. Net on the day, the Dow was down 21.22 at 25,390.30. The S&P 500 was down 6.09 at 2731.61, 7 points off the low and 7 point off the high. The Nasdaq 100 was down 25.90 at 6997.62, 20 points off the low.

Strong Solid Session Tue Feb 5th 2019

The markets had a solid up-day on Tuesday, nothing spectacular, but positive, nonetheless. The day started out with a pop to the upside, then a 3-wave corrective pullback midday, a very steep pullback but it held, they rallied back, tested the highs and nominal new highs, and then backed off and closed near the session highs. Net on the day, the Dow was up 172.15 at 25,411.52. The S&P 500 was up 12.83 at 2737.70, just a point off the high. The Nasdaq 100 was up 63.56 at 7023.52, 6 points off its high.

Week Starts Out on Positive Note Mon Feb 4th 2019

The stock market had a very mixed day on Monday as the Dow and S&P 500 opened to the downside and the Nasdaq 100 popped to the upside. As earning season continues, many stocks that we follow are having positive reports. Monday started out as the Nasdaq 100 opened at 6876.52, pulled back immediately, and then stair-stepped its way up nearly all day, and spiked up at the end to close at the highs for the day at 6954.76.

Positive Earnings Send Markets Higher Thu Jan 31st 2019

The markets had a very interesting day on Thursday.  The Nasdaq 100 and S&P 500 climbed higher with strong earnings report on large-cap stocks and many of the stocks we follow, helping to power the numbers higher. They opened to the upside, and ran up all day, closing just pennies off the high. We watched December end as one of the worst month’s in decades, however, it was the best January in 30 years, and the best month for the S&P 500 since 1987. Net on the day, the Dow was down 15.19 at 24,999.



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