20 Mar 2015
US indices: spectacular day for biotechs – TechTrader
FXStreet (Barcelona) - Harry Boxer of The Technical Trader, summarizes the performance of US Indices, noting that the indices saw a mixed session.
Key Quotes
“The stock market indices had a very mixed session with the blue chips down and the Nasdaq 100 up. Biotech stocks led the way, and a huge day for the biotech's we follow.”
“The day started out with back and forth action, and then they made lower lows on the Nasdaq 100, but when the S&P 500 failed to take our the lows, they pretty much went sideways all day in a narrow trading range between 4420 and 4440.”
“The S&P 500, after an early morning dip, bounced between 2086 and 2093, about a 7-point range for most of the session. It was very, very narrowly mixed in the last couple hours.”
“Net on the day, the Dow was down 117.16 at 17,959.03, not holding 18,000 today. The S&P 500 was down 10.23 at 2089.27. The Nasdaq 100, however, was up 4.32 at 4426.82, 14 points off its high.”
“Advance-declines were 2 to 1 negative on the New York Stock Exchange, and 14 to 13 positive on Nasdaq. Up/down volume was 2 1/2, negative nearly 3 to 1 on New York, with total volume of 3 1/4 billion shares. Nasdaq traded over 1 2/3 billion shares, and had a slightly positive volume ratio.”
Key Quotes
“The stock market indices had a very mixed session with the blue chips down and the Nasdaq 100 up. Biotech stocks led the way, and a huge day for the biotech's we follow.”
“The day started out with back and forth action, and then they made lower lows on the Nasdaq 100, but when the S&P 500 failed to take our the lows, they pretty much went sideways all day in a narrow trading range between 4420 and 4440.”
“The S&P 500, after an early morning dip, bounced between 2086 and 2093, about a 7-point range for most of the session. It was very, very narrowly mixed in the last couple hours.”
“Net on the day, the Dow was down 117.16 at 17,959.03, not holding 18,000 today. The S&P 500 was down 10.23 at 2089.27. The Nasdaq 100, however, was up 4.32 at 4426.82, 14 points off its high.”
“Advance-declines were 2 to 1 negative on the New York Stock Exchange, and 14 to 13 positive on Nasdaq. Up/down volume was 2 1/2, negative nearly 3 to 1 on New York, with total volume of 3 1/4 billion shares. Nasdaq traded over 1 2/3 billion shares, and had a slightly positive volume ratio.”