Harry Boxer
The Technical Trader
The stock market indices had a sloppy, choppy day today. They were down in the morning, up in the afternoon, and back down in late afternoon before snapping back into the close.
Net on the day, the Dow was up 15.31 at 17,122.01. The S&P 500 was up .10 at 2000.12. The Nasdaq 100 was up 1.51 at 4073.18 just slightly higher.
Advance-declines were 17 to 13 positive on the New York Stock Exchange, and 15 to 12 positive on Nasdaq. Up/down volume was 7 to 6 positive on New York, with total volume of 475 million shares. Nasdaq traded 1 2/3 billion shares, and had a 2 to 1 positive volume ratio.
TheTechTrader.com board was leaning to the downside today, Priceline.com Incorporated (PCLN) was down 16.75 to 1260, Google Inc. (GOOG) down 6.86, and Netflix, Inc. (NFLX) down 4.66 to 474.70.
Vipshop Holdings Limited (VIPS) gave back 2.76 to 214.11, First Solar, Inc. (FSLR) lost 1.02 to 70.00, Facebook, Inc. (FB) lost 1.33 to 74.63, and Vipshop Holdings Limited (VIPS) lost 2.76 to 214.11.
On the upside, Apple Inc. (AAPL) jumped 1.24 to 102.13, and Amazon.com Inc. (AMZN) climbed 1.35 to 343.18.
Pharmacyclics Inc. (PCYC) gained 2.82 to 123.06, and Tesla Motors, Inc. (TSLA) ran 1.51 to 262.25, and MOBILEYE N.V. (MBLY) advanced 3.82 to 42.25. Vimicro International Corp. (VIMC) bounced 65 cents to 4.15, or 19%.
Checking the TheTechTrader.com percent-gain leaderboard, Image Sensing Systems, Inc. (ISNS) popped 68 cents to 4.08, or 20%, on 19.7 million shares. Amicus Therapeutics, Inc. (FOLD) climbed 64 cents to 6.84, or 10%, on 6.6 million shares.
NetSol Technologies, Inc. (NTWK) was up 1.11 to 3.88, or 41%, on 1.8 million shares, reaching a high of 4.09 earlier in the day. Galectin Therapeutics, Inc. (GALT) climbed from 5.01 all the way up to 6.35, before pulling back and closing at 6.16, up 23%, on 1.9 million shares.
Recent IPO, TubeMogul, Inc. (TUBE), had an excellent day, up 4.60 to 13.82, or 50%, on 8.4 million shares, 3200% more volume than average. It reached its high around 10 a.m. this, and stayed in the plus column near the high all day.
Among other gainers, Express Inc. (EXPR) was up 1.86 to 16.45, The Michaels Companies, Inc. (MIK) 1.40 to 16.54, Arista Networks, Inc. (ANET) up 7.00 to 13.17, MOBILEYE N.V. (MBLY) 3.82 to 45.25.
Stepping back and reviewing the hourly chart patterns, the indices were down early, up sharply to test the highs on the NDX, got up within two points of the multi-year highs, and then sold off sharply. At that point, it failed to confirm, and may be one of the reasons why it had a late sell-off, it snapped back, and a sharp one, and put it back in the plus column slightly.
Let's see what happens tomorrow.
Good Trading!
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