Spectacular Session for Wall Street

It was a spectacular day on Wall Street as the indices gapped up, ran sharply higher in rising channels all day, and only a last 5-10 minute pullback prevented them from closing at the highs for the day going away.

Net on the day, the Dow was up 121.45 at 18,162.99. The S&P 500 was up 19.28 at 2123.48, 3 points off the high. The Nasdaq 100 was up 73.10 at 4546.06, 5 points off the high.

Advance-declines were 22 1/2 to 8 positive on New York Stock Exchange and 19 to 8 1/2 on Nasdaq. Up/down volume was 3 to 1 positive on New York, with total volume of 3 billion shares. Nasdaq traded 1 3/4 billion shares, and had a 4 1/2 to 1 positive volume ratio.

TheTechTrader.com board was mixed but mostly higher. Priceline.com Incorporated (PCLN) was up 1.98 to 1197.76, Google Inc. (GOOG) up 7.47 to 539.79, Apple Inc. (AAPL), not far from its all-time high, up 2.43 to 132.04, Amazon.com Inc. (AMZN) 5.95 to 431.42, and Netflix, Inc. (NFLX) up a whopping 13.05 to 629.00.

Gold was firm today. Royal Gold, Inc. (RGLD) jumped 1.41 to 65.30. Facebook, Inc. (FB) was up 1.22 to 80.55, Esperion Therapeutics, Inc. (ESPR) up 2.07 to 105.82, Cyber-Ark Software Ltd. (CYBR) 1.77 to 64.27, and Splunk, Inc. (SPLK) 1.06 to 69.36.

On the downside there were only fractional losses.

TheTechTrader.com percent-gain leaderboard showed some exciting gainers today. Great Basin Scientific, Inc. (GBSN) traded as high as 4.84, closing at 3.83, up 91 cents, or 31%, on 10 million shares.

Ceres, Inc. (CERE) exploded this morning, getting all the way up to 4.04, before pulling back to 2.93, up 1.25, or 74.4%, on 15.7 million shares, 9000% more volume than average.

Hydrogenics Corporation (HYGS) bounced 2.08 to 11.10, or 23%. Broadcom Corp. (BRCM), on takeover rumors, closed up 10.09 to 57.15, or 21%, on 61 million shares. Five Prime Therapeutics, Inc. (FPRX), on a deal with Bluebird Bio, gained 2.96 to 2263, or 15%.

Among other gainers, Tiffany & Co. (TIF) was up 9.01 to 94.54, Retrophin, Inc. (RTRX) up 3.19 to 30.05, Cellectis S.A. (CLLS) up 4.54 to 40.99, Hawaiian Holdings Inc. (HA), in a rebounding airlines group, 2.03 to 25.17, Amedisys Inc. (AMED) 2.54 to 3.67, and Silicon Motion Technology Corp. (SIMO) 2.68 to 34.40.

Natural Health Trends Corp. (NHTC) stair-stepped its way higher, up 2.04 to 32.93, Jumei International Holding Limited (JMEI) rebounded, up 1.29 to 22.90, Eagle Pharmaceuticals Inc. (EGRX) climbed 3.01 to 67.72, and NXP Semiconductors NV (NXPI), in a strong semiconductor sector, jumped 3.72 to 110.71.

Solar3D, Inc. (SLTD), a current swing-trade favorite of ours, climbed 39 cents to 4.69, and MannKind Corp. (MNKD) ran 45 cents to 5.27.

Stepping back and reviewing the hourly chart patterns, the indices gapped up, ran hard in the morning, stalled midday, and then ran again in the afternoon, pretty much in rising channels to close with a spectacular session for Wall Street.

Let's see how it goes tomorrow.

Good Trading!

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