21 Jan 2015
US indices rally off lows to edge positive – TechTrader
FXStreet (Barcelona) - Harry Boxer of the The Technical Trader comments that US indices had a very interesting day with Nasdaq, Dow and S&P 500 closing positive.
Key Quotes
“The stock market indices had a very interesting day. They started the day with an interesting gap up to resistance, followed by a 5-wave decline, a sharp one that took the indices back down to secondary support. By late morning when they held there, they embarked on a very strong afternoon rally that took the Nasdaq 100 from 4114 to 4180. The S&P 500 went from 2004 to 2026, and then backed off in the last half hour, but not too badly. They finished with profitable gains on the day.”
“Net on the day, the Dow was up 3.66 at 17,515.23. However, the low was 17,346, after being down 170 points. The S&P 500 was up 3.13 at 2022.55. The Nasdaq 100 went from 4119 to 4181, before pulling back to 4171.21, up 29.07.”
“Advance-declines were 19 to 12 negative on the New York Stock Exchange, and 16 to 11 negative on Nasdaq. Up/down volume was 3 to 2 negative on New York, with total volume of nearly 3.9 billion shares. Nasdaq traded 1.85 billion shares, and had a dead-even flat volume ratio.”
Key Quotes
“The stock market indices had a very interesting day. They started the day with an interesting gap up to resistance, followed by a 5-wave decline, a sharp one that took the indices back down to secondary support. By late morning when they held there, they embarked on a very strong afternoon rally that took the Nasdaq 100 from 4114 to 4180. The S&P 500 went from 2004 to 2026, and then backed off in the last half hour, but not too badly. They finished with profitable gains on the day.”
“Net on the day, the Dow was up 3.66 at 17,515.23. However, the low was 17,346, after being down 170 points. The S&P 500 was up 3.13 at 2022.55. The Nasdaq 100 went from 4119 to 4181, before pulling back to 4171.21, up 29.07.”
“Advance-declines were 19 to 12 negative on the New York Stock Exchange, and 16 to 11 negative on Nasdaq. Up/down volume was 3 to 2 negative on New York, with total volume of nearly 3.9 billion shares. Nasdaq traded 1.85 billion shares, and had a dead-even flat volume ratio.”