The stock market indices had a topsy-turvy, volatile, mixed session, with a firm opening, and then a 3-wave corrective pullback. By midday they hit their session lows. They rallied back midafternoon, but could not get through resistance, backed off, and then consolidated to close slightly up on the Dow and S&P 500, but down on the Nasdaq 100.

Net on the day, the Dow was up 9.72 at 17,158.66, 100 points off its low and 40 points off the high. The S&P 500 was up 4.05 to 2016.71, 12 points off the low, and 5 points off its high. The Nasdaq 100 was down 13.68 to 4484.18, 38 points off its high and 18 points off the low.

Advance-declines were 3 to 2 positive on the New York Stock Exchange and slightly positive by 125 issues on the Nasdaq. Up/down volume was slightly positive by 18 to 17 on New York, and traded 3.6 billion shares. The Nasdaq traded 1.83 billion shares and had a 5 to 4 negative volume ratio.

TheTechTrader.com board was mixed but mostly lower. Priceline Inc. (PCLN) was down another 34.68 to 1210.69, nearly 55 points in two days, Apple Inc. (AAPL) down 2.64 to 102.71, Amazon.com Inc. (AMZN) down 3.20 to 633.79, and Netflix, Inc. (NFLX) down 2.30 to 107.66.

Tesla Motors, Inc. (TSLA) closed flat, but Baidu, Inc. (BIDU) had an outstanding day, up 3.34 to 187.37. Facebook, Inc. (FB) bounced 51 cents to 102.73.

Mobileye N.V. (MBLY) lost 3.81 to 36.13

Other stocks to the upside included Bristol-Myers Squibb Company (BMY), up 1.32 to 68.35, and First Solar, Inc. (FSLR), the highest in months, was the absolute standout today, up 5.31 to 72.03, and Teladoc, Inc. (TDOC) gained 1.51 to 19.50.

Globant (GLOB) was up 76 cents to 37.54, Intra-Cellular Therapies, Inc. (ITCI) up 69 cents to 54.32, Cytokinetics, Incorporated (CYTK) up 60 cents to 10.60.

Checking the TheTechTrader.com percent-gain leaderboard, leading the way, Auris Medical Holding AG (EARS) ran up 6.34, before closing up 86 cents to 5.94, or 17%, on 3.1 million shares. Sientra, Inc. (SIEN), a medical aesthetics company, gained 76 cents to 6.73, or 13%, on 1.5 million shares. Pulmatrix, Inc. (PULM) popped 42 cents to 4.25, or 11%.

Smith & Wesson Holding Corporation (SWHC) stocks run up 2.58 to 25.86, or 11%, on 14.9 million shares as the President announces tighter gun laws. Nautilus Inc. (NLS) ran to 20.76, pulled back and closed up 1.87 to 2035, or 10%. Heron Therapeutics, Inc. (HRTX) climbed 2.52 to 27.58, or 10%.

Stepping back and reviewing the hourly chart patterns, after a pop in the morning, and then a 3-wave corrective pullback by midday, the indices rallied in the afternoon, couldn't get through the highs, and backed off to consolidate into the close to finish mixed on the day.

After the big plunge yesterday, the action was not encouraging. We will have to wait to see if the action was more technical bounce and we go lower, or the beginning of a basing period. We'll have to see what follow-through action we get.

Let's see what happens tomorrow.

Good Trading!

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