6 Mar 2015
US Indices end mixed – TechTrader
FXStreet (Barcelona) - Harry Boxer of The Technical Trader, summarizes the performance of the US Indices, noting that the indices had a volatile session and ended mixed, with Dow and S&P closing positive, while Nasdaq experienced a negative close.
Key Quotes
“The stock market indices had a very mixed, volatile session. They gapped up early, ran up to overhead resistance, and got through on the S&P 500 but not on the Nasdaq 100. Then they rolled over in a sharp, 3-wave decline to test secondary support and key support, but held near 4434 on the Nasdaq 100 and 2094 on the S&P 500. In the afternoon they rallied back and took back between two-thirds and three-quarters of the decline, and vacillated in the last hour or two to consolidate.”
“Net on the day, the Dow was up 38.82 at 18,135.72. The S&P 500 was up 2.51 at 2101.04. The Nasdaq 100 was down 6.70 at 4452.06.”
“Advance-declines were 16 to 13 positive on the New York Stock Exchange, and 15 to 11 positive on Nasdaq. Up/down volume was near flat, slightly negative on New York, with total volume of 3 billion shares. Nasdaq traded over 1.8 billion shares, and had a 3 to 2 positive volume ratio.”
Key Quotes
“The stock market indices had a very mixed, volatile session. They gapped up early, ran up to overhead resistance, and got through on the S&P 500 but not on the Nasdaq 100. Then they rolled over in a sharp, 3-wave decline to test secondary support and key support, but held near 4434 on the Nasdaq 100 and 2094 on the S&P 500. In the afternoon they rallied back and took back between two-thirds and three-quarters of the decline, and vacillated in the last hour or two to consolidate.”
“Net on the day, the Dow was up 38.82 at 18,135.72. The S&P 500 was up 2.51 at 2101.04. The Nasdaq 100 was down 6.70 at 4452.06.”
“Advance-declines were 16 to 13 positive on the New York Stock Exchange, and 15 to 11 positive on Nasdaq. Up/down volume was near flat, slightly negative on New York, with total volume of 3 billion shares. Nasdaq traded over 1.8 billion shares, and had a 3 to 2 positive volume ratio.”