The stock market indices suffered some losses today with very volatile, back-and-forth, consolidation patterns, but indeterminate in terms of direction.

Net on the day, the Dow was down 47.51 at 17,550.69, about 45 points off the low, and 80 points off the high. The S&P 500 was down 4.72 to 2093.32, 5 points off its low and 8 points off its high. The Nasdaq 100 was down 13.00 to 4567.47, 17 points off the low and 17 points off the high.

Advance-declines were about 300 issues lower on New York Stock Exchange and almost flat on Nasdaq. Up/down volume was 19 to 16 negative on New York, with total volume of 3 1/2 billion shares. Nasdaq traded about 1.75 billion share, and had a little less than 5 to 4 negative ratio.

TheTechTrader.com board was very mixed, but we had a few gainers. Leading the way to the upside, Priceline (PCLN) was up 43.51 to 1283.99, but trending lower in after hours. Netflix, Inc. (NFLX) also had a big day, up 8.59 to 121.15, reaching as high as 122.79 and hitting its 17th-record close this year.

There were also some losses. Google Inc. (GOOG) gave back 1.96 to 629.25, Amazon.com Inc. (AMZN) lost 3.13 to 531.90, and Apple Inc. (AAPL) cracked support and dropped 3.80 to 114.64, on 120 million shares.

Tesla Motors, Inc. (TSLA) managed to climb 6.29 to 266.28.

TASER International Inc. (TASR) was up 1.10 to 26.23, Esperion Therapeutics, Inc. (ESPR) up 1.07 to 61.92, Teladoc, Inc. (TDOC) 1.62 to 34.82, and SolarCity Corporation (SCTY) 1.08 to 59.00.

Checking the TheTechTrader.com percent-gain leaderboard, Codexis, Inc. (CDXS) gained 91 cents to 4.12, or 28%.

Rudolph Technologies Inc. (RTEC) ran 1.88 to 12.84, or 17%, on nearly a million shares. ABIOMED, Inc. (ABMD) advanced 11.40 to 88.80, or 15%, on 2.8 million shares. Carrols Restaurant Group, Inc. (TAST) bounced 1.25 to 12.30, or 11%, reaching as high as 12.71 earlier in the day. Douglas Dynamics, Inc. (PLOW) closed up 2.60 to 23.36, or 12 1/2%.

LendingTree, Inc. (TREE) jumped a whopping 34.92 to 117.51, or 42%, on 1.3 million shares on strong earnings report.

Other gainers included Ctrip.com International Ltd. (CTRP), up 7.12 to 78.57, MGM Resorts International (MGM) up 1.90 to 21.75, and Tessera Technologies Inc. (TSRA) 3.30 to 37.94.

Stepping back and reviewing the hourly chart patterns, the indices were very volatile within trading ranges on the Nasdaq 100 between a low of 4551 and 4585, going back and forth several times within that range. The S&P 500 was a little bit in a downward slope with a high of nearly 2102.51 to a low of 2088.60, closing at 2093.32.

It was a sloppy day, although the declining topsline and channel lines are holding the indices back from their rallies.

Let's see how it goes tomorrow.

Good Trading!

In using any portion of The Technical Trader, you agree to the Terms and Conditions governing the use of the service as described in this disclaimer. Our disclaimers, policies and terms are subject to change without notice. The Technical Trader (www.thetechtrader.com) is published by Century-Pacific Investments and AdviceTrade, Inc., both of which are publishers. The Web site is maintained by Codexia, LLC. None of these firms, nor Mr. Boxer, is registered as a broker-dealer or investment adviser either with the U.S. Securities and Exchange Commission or with any state securities authority. Each trade mentioned in the diary and other sections of The Technical Trader is hypothetical and is not an actual trade. Mr. Boxer and employees of Century-Pacific, AdviceTrade and Codexia are not allowed to have personal positions in stocks mentioned in the diary and other sections of The Technical Trader. This policy, first announced to subscribers on June 2, 2004, gave Mr. Boxer a deadline that was extended to July 30, 2004 for liquidating any existing personal holdings in stocks mentioned on the site. Our holdings page, in which Mr. Boxer listed his personal positions in stocks mentioned on the site, was removed at that time. The publishers are not permitted to have any financial relationship with companies mentioned on the site. Mr. Boxer may recommend trades of stocks mentioned in the Diary as a consultant to hedge funds, but has agreed not to make such recommendations until after the stock has been posted on The Technical Trader Web site. Mr. Boxer's commentaries, trading ideas and model trades represent his own opinions and should not be relied upon for purposes of effecting securities transactions or other investing strategies, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. You should not interpret Mr. Boxer's opinions as constituting investment advice. Neither we nor Mr. Boxer claim to have any non-public information regarding the companies mentioned in this site. The trade prices that appear on this Web site are based on the average of the real-time bid and real-time ask prices provided by Money.net, except when entered manually by Mr. Boxer should Money.net's feed be temporarily down. There may be a delay between the price as it appears in the diary and the current price that you see from your terminal due to delays in Internet connectivity, quote delays, refresh intervals in the case of the Web-based diary page, data entry errors, and market conditions, and also due to times when Mr. Boxer is not available to make the trade at the moment a previously stated target has been met. Entries may at times be in error due to system or data-entry errors. Hypothetical performance results do not include trading commissions and other execution costs that would be incurred if the trades referenced in the diary or elsewhere on the site were actual trades. Past performance is no guarantee of future results.

Recommended Content


Recommended Content

Editors’ Picks

USD/JPY pops and drops on BoJ's expected hold

USD/JPY pops and drops on BoJ's expected hold

USD/JPY reverses a knee-jerk spike to 142.80 and returns to the red below 142.50 after the Bank of Japan announced on Friday that it maintained the short-term rate target in the range of 0.15%-0.25%, as widely expected. Governor Ueda's press conference is next in focus.  

USD/JPY News
AUD/USD bears attack 0.6800 amid PBOC's status-quo, cautious mood

AUD/USD bears attack 0.6800 amid PBOC's status-quo, cautious mood

AUD/USD attacks 0.6800 in Friday's Asian trading, extending its gradual retreat after the PBOC unexpectedly left mortgage lending rates unchanged in September. A cautious market mood also adds to the weight on the Aussie. Fedspeak eyed. 

AUD/USD News
Gold consolidates near record high, bullish potential seems intact

Gold consolidates near record high, bullish potential seems intact

Gold price regained positive traction on Thursday and rallied back closer to the all-time peak touched the previous day in reaction to the Federal Reserve's decision to start the policy easing cycle with an oversized rate cut.

Gold News
Ethereum rallies over 6% following decision to split Pectra upgrade into two phases

Ethereum rallies over 6% following decision to split Pectra upgrade into two phases

In its Consensus Layer Call on Thursday, Ethereum developers decided to split the upcoming Pectra upgrade into two batches. The decision follows concerns about potential risks in shipping the previously approved series of Ethereum improvement proposals.

Read more
Bank of Japan set to keep rates on hold after July’s hike shocked markets

Bank of Japan set to keep rates on hold after July’s hike shocked markets

The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session. 

Read more
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Majors

Cryptocurrencies

Signatures