12 Feb 2015
US indices experience a topsy-turvy day – TechnicalTrader
FXStreet (Barcelona) - Harry Boxer of The Technical Trader reviews the performance of US stock indices, with Dow closing slight lower, and S&P closing flat.
Key Quotes
“The stock market indices had a topsy-turvy day with a rally in the morning, a midday plunge, a hold of secondary, key support, and a 5-wave advance that took them to new highs for the day and entire rally for several sessions. In the last half hour they pulled back to close slightly lower on the Dow, flat on the S&P 500, and over 1600 on the Nasdaq 100.”
“Net on the day, the Dow was down 6.62 at 17,862.14, 103 points off the low. The S&P 500 was down .06 at 2068.53, 11 points off the low. The Nasdaq 100 was up 16.13 at 4297.28, 20 points off the low.”
“Advance-declines were 8 to 7 negative on the New York Stock Exchange, and 7 to 6 negative on Nasdaq. Up/down volume was 4 to 3 negative on New York, with total volume of 3 1/2 billion shares. Nasdaq traded over 1 2/3 billion shares, and had a 9 to 7 positive volume ratio.”
Key Quotes
“The stock market indices had a topsy-turvy day with a rally in the morning, a midday plunge, a hold of secondary, key support, and a 5-wave advance that took them to new highs for the day and entire rally for several sessions. In the last half hour they pulled back to close slightly lower on the Dow, flat on the S&P 500, and over 1600 on the Nasdaq 100.”
“Net on the day, the Dow was down 6.62 at 17,862.14, 103 points off the low. The S&P 500 was down .06 at 2068.53, 11 points off the low. The Nasdaq 100 was up 16.13 at 4297.28, 20 points off the low.”
“Advance-declines were 8 to 7 negative on the New York Stock Exchange, and 7 to 6 negative on Nasdaq. Up/down volume was 4 to 3 negative on New York, with total volume of 3 1/2 billion shares. Nasdaq traded over 1 2/3 billion shares, and had a 9 to 7 positive volume ratio.”