Closed Mixed on Late Afternoon Pullback

The stock market indices continued the four-day rally today, exploding early on, reaching just under 4678 Nasdaq 100, a point, or so, off the last rally high, before the great drop. So it had a complete recovery. The S&P 500 closed up near 2067. That caused a late afternoon pullback consolidation, and the indices closed mixed.

Net on the day, the Dow was down 4.41 at 17,732.75, about 40 points off the high and 50 off the low. The S&P 500 was down 2.34 to 2081.24, 5 points off the high and 3 points off the low. The Nasdaq 100 managed to close positive by less than 2 points, up 1.91 to 4655.35, about 23 points off the high and 7 off the low.

Advance-declines were positive by 112 issues on New York Stock Exchange and negative by 300 on Nasdaq. Up/down volume was 19 to 16 negative on New York, with total volume of 3 1/2 billion shares. Nasdaq traded nearly 1 3/4 billion shares, and had a 5 to 4 positive volume ratio.

TheTechTrader.com board was mixed. Priceline.com (PCLN) was up 6.15 to 1284.65, 15 points off its high, Apple Inc. (AAPL) up 1.49 to 118.78, about a dollar off the high, but Google Inc. (GOOG) was down 1.59 to 738.41, Amazon.com Inc. (AMZN) down 2.27 to 661.27, and Netflix, Inc. (NFLX) down 41 cents to 120.22.

Tesla Motors, Inc. (TSLA) gained just 73 cents to 221.80, Baidu, Inc. (BIDU) ran 3.07 to 207.80, 3 points off its high, and Intel Corporation (INTC) popped 1.14 to 34.30, on guidance.

Pacific Biosciences of California, Inc. (PACB) had a big pop today on 5 million shares, up 1.31 to 10.00, Prothena Corporation (PRTA) up 1.46 to 70.49, and CyberArk Software, Ltd. (CYBR) up 1.02 to 40.17.

Facebook, Inc. (FB) was down 1.15 to 106.26.

Checking the TheTechTrader.com percent-gain leaderboard, Anavex Life Sciences Corp. (AVXL) bounced 60 cents to 5.90, or 11%, on 14 million shares.

Eros International (EROS), on earnings, thrust 1.30 to 9.91, or 15%, on 3.7 million shares.

Keurig Green Mountain, Inc. (GMCR) gained 7.38 to 47.88, or 18%, on 20 million shares. KaloBios Pharmaceuticals, Inc. (KBIO) was a huge winner today, up 8.33 to 10.40, or 402%, on 12.5 million shares. It ran up to 18 last night, nearly as high as 25 this morning, and closed all the way back down at 10.00. Perry Ellis International Inc. (PERY) climbed 2.78 to 20.57, or 16%. Valeant Pharmaceuticals International, Inc. (VRX) had a big day, up 11.40 to 84.00, or 16%, on 25 million shares.

Ctrip.com International Ltd. (CTRP) jumped 14.78 to 109.85, or 15 1/2%, on 11.8 million shares.

Stepping back and reviewing the hourly chart patterns, the indices ran up in a 5-wave advance to mid-session, before they backed off at the end of the day, but support did hold.

Let's see how it goes tomorrow.

Good Trading!

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