Positive but Mixed Day

The stock market indices started off the day with a pop to the upside, and then pulled back quickly to test support. When that held, they ran up for the rest of the day on the S&P 500, but the Nasdaq 100 would not cooperate, although in the afternoon it did pick up some steam. Even though the Nasdaq 100 didn’t confirm the rally high, they managed to finish positive on the day.

Net on the day, the Dow was up 35.54 at 19,251.78, a new all-time high as it finished just a few points off the high. The S&P 500 was up 7.52 at 2212.23, also a new all-time high, closing right at the high for the day. The Nasdaq 100 was up 10.53 at 4788.67, 8 points off the high, but still a positive session.

Advance-declines were 21 to 8 1/2 positive on the New York Stock Exchange, and 2 1/2 to 1 positive on the Nasdaq. Up/down volume was 2 to 1 positive on New York, total volume of 3.8 billion shares traded. The Nasdaq traded just under 2 billion shares and had a 2 to 1 positive volume ratio.

TheTechTrader.com board was mostly green again today. Priceline.com (PCLN) was up 5.06 to 1504.82, Apple Inc. (AAPL) up 81 cents to 109.92, Amazon.com, Inc. (AMZN) up 5.36 to 764.72, and Netflix, Inc. (NFLX) gained 5.41 to 124.57, which Alphabet Inc. (GOOG) dropped 3.41 to 759.11.

Baidu, Inc. (BIDU) gained 85 cents to 165.17, Facebook, Inc. (FB) was down 12 cents to 117.31, and First Solar, Inc. (FSLR) down 30 cents to 32.05.

Tesla Motors, Inc. (TSLA) lost nearly a dollar, down 95 cents to 185.85.

Other stocks to the upside included bluebird bio, Inc. (BLUE), a swing trade of ours, led the way, up 6.80 to 78.95 as is Clovis Oncology Inc (CLVS), up 2.24 to 39.48, NVIDIA Corporation (NVDA), another favorite of ours, 1.51 to 93.39, swing trade Terex Corporation (TEX), up 1.25 to 31.09, and Zynerba Pharmaceuticals, Inc. (ZYNE) 1.28 to 14.46.

In addition, the Direxion Daily S&P Biotech Bull 3X ETF (LABU) popped 2.04 to 40.82.

Acacia Communications, Inc. (ACIA) backed over 70.00 to 70.14, up 1.08.

Checking TheTechTrader.com percent-gain leaderboard, Neovasc Inc. (NVCN), a biotech stock, exploded 1.00, or 70.4%, to 2.42, but reaching as high as 3.34, on 108 million shares traded, 5200% volume than average. Crossroads Systems, Inc. (CRDS) advanced 1.12, or 26%, to 5.45. Avianca Holdings S.A. (AVH) bounced 1.25, or 17 1/2%, to 8.40.

Francesca's Holdings Corporation (FRAN), a restaurant chain, and another successful day trade for The Tech Traders today, ran 4.47, or 29%, to 20.01, on 7.1 million shares traded. Kornit Digital Ltd. (KRNT) closed up 1.40, or 12%, to 13.40. Spark Therapeutics, Inc. (ONCE) exploded 6.98, or 14%, to 57.56, on nearly a million shares traded.

Stepping back and reviewing the hourly chart patterns, the indices popped at the opening, pulled right back, and then exploded. The Nasdaq 100 and S&P 500 went in different direction until midday when they both started to move higher to close positive for the day.

Good Trading!