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31 Mar 2015
US Indices experience a strong close – TechTrader
FXStreet (Barcelona) - Harry Boxer of The Technical Trader, summarizes the intraday performance of US Indices, noting that Dow, S&P 500 and the Nasdaq experienced a strong close.
Key Quotes
“The stock market indices started off the week on a strong note. They gapped up at the opening, then went into the morning in consolidation-type wedges. They moved up in the afternoon, made new highs on the S&P 500, but not so on the Nasdaq 100. The Nasdaq 100 tried to breakout above 4383-4 zone several times, but couldn't.”
“They held onto most of their gains, closing only a couple points off that level. The S&P 500, which got up to nearly 2089, closed at 2086.”
“Net on the day, the Dow was up 264.65 at 17,976.31, 32 points off the high. The S&P 500 was up 25.22 at 2086.24. The Nasdaq 100 was up 49.96 at 4382.82.”
“Advance-declines were still 23 to 8 positive on the New York Stock Exchange, and 9 to 4 positive on Nasdaq. Up/down volume was 5 to 1 positive on New York, with total volume of a little more than 2 3/4 billion shares. Nasdaq traded close to 1 3/4 billion shares, and had a 2 to 1 positive volume ratio.”
“Stepping back and reviewing the hourly chart patterns, after a strong surge at the opening, and a gap, the indices coiled bullishly, and ran in the afternoon. Despite the three new highs on the S&P 500, they were not confirmed by the Nasdaq 100. Still, it was a very strong close for both indices, and a good way to start the week.”
Key Quotes
“The stock market indices started off the week on a strong note. They gapped up at the opening, then went into the morning in consolidation-type wedges. They moved up in the afternoon, made new highs on the S&P 500, but not so on the Nasdaq 100. The Nasdaq 100 tried to breakout above 4383-4 zone several times, but couldn't.”
“They held onto most of their gains, closing only a couple points off that level. The S&P 500, which got up to nearly 2089, closed at 2086.”
“Net on the day, the Dow was up 264.65 at 17,976.31, 32 points off the high. The S&P 500 was up 25.22 at 2086.24. The Nasdaq 100 was up 49.96 at 4382.82.”
“Advance-declines were still 23 to 8 positive on the New York Stock Exchange, and 9 to 4 positive on Nasdaq. Up/down volume was 5 to 1 positive on New York, with total volume of a little more than 2 3/4 billion shares. Nasdaq traded close to 1 3/4 billion shares, and had a 2 to 1 positive volume ratio.”
“Stepping back and reviewing the hourly chart patterns, after a strong surge at the opening, and a gap, the indices coiled bullishly, and ran in the afternoon. Despite the three new highs on the S&P 500, they were not confirmed by the Nasdaq 100. Still, it was a very strong close for both indices, and a good way to start the week.”