Harry Boxer
The Technical Trader
The stock market indices started off with a bang, except the Dow, which was dampened all day by the negative report on International Business Machines Corporation (IBM) component that really knocked it down. It managed to finally gain at the end of the day and finished in the plus column.
Net on the day, the Dow was up 19.26 at 16,399.67. The S&P 500 was up 17.25 at 1904.01. The Nasdaq 100 was up 54.61 at 2870.08.
So, it was a big day for the major indices.
Advance-declines were 23 to 8 positive on the New York Stock Exchange, and 9 to 4 positive on Nasdaq. Up/down volume was 3 to 1 positive on New York, with total volume of 3 1/4 billion shares. That might be a record volume. Nasdaq traded 1 2/3 billion shares, and had a 6 to 1 positive volume ratio.
TheTechTrader.com board had a very good day today. Priceline.com Incorporated (PCLN) was up 25.80 to 1103.07, Google Inc. (GOOG) up 9.67 to 520.84, Apple Inc. (AAPL) up 2.09 to 99.76, Amazon.com Inc. (AMZN) 2.57 to 306.21, and Netflix, Inc. (NFLX) 2.13 to 359.22.
Pharmacyclics Inc. (PCYC) snapped back 2.62 to 114.83, Tesla Motors, Inc. (TSLA) ran 2.99 to 230.47, and Vipshop Holdings Limited (VIPS) gained 4.09 to 195.99.
SolarCity Corporation (SCTY) was up 2.41 to 53.92, GoPro, Inc. (GPRO) up 1.37 to 76.00, MOBILEYE N.V. (MBLY) up 2.18 to 49.80, Royal Gold, Inc. (RGLD) 1.65 to 69.04, and NewLink Genetics Corporation (NLNK) 2.09 to 31.44, reaching as high as 39 1/2 pre-market.
On the downside, International Business Machines Corporation (IBM) was the big loser, down 12.95 to 169.10.
Checking the TheTechTrader.com percent-gain leaderboard, NQ Mobile Inc. (NQ) climbed 86 cents to 9.26, or 10%, on 6.5 million shares.
SinoCoking Coal and Coke Chemical Industries, Inc. (SCOK) had an excellent day, up 1.39 to 3.74, or 59%, on 28.4 million shares, reaching 4.44 earlier in the day. Vitae Pharmaceuticals, Inc. (VTAE) gained 1.31 to 7.61, or 21%. ShoreTel, Inc. (SHOR) ran 1.11 to 7.62, or 17%, on 4.6 million shares, on a $10 takeover that they rejected. ImmunoGen, Inc. (IMGN) popped 1.16 to 9.46, or 14%, on 2.2 million shares.
ITT Educational Services Inc. (ESI) thrust to 13.98, before it pulled back to 12.68, up 3.49, or 40%, on 8.1 million shares. Sears Holdings Corporation (SHLD) climbed 6.55 to 34.96, or 23%, on 4.1 million shares, after reaching as high as 37.13. SuperCom Ltd. (SPCB) advanced 1.34 to 11.56, or 13%. TubeMogul, Inc. (TUBE) closed up 1.51 to 12.99, or 13%.
Among other gainers, TerraForm Power, Inc. (TERP) was up 2.82 5o 27.77, NPS Pharmaceuticals, Inc. (NPSP) up 2.29 to 28.45, Emerge Energy Services LP (EMES) 7.29 to 96.94, and Valeant Pharmaceuticals International, Inc. (VRX), which we traded today, 4.57 to 124.78.
BlackBerry Limited (BBRY), on takeover talks, bounced 81 cents to 10.30.
Stepping back and reviewing the hourly chart patterns, the indices were up from the get-go, were in rising channels all day, with minor pullbacks. It was a very strong session for everything but the Dow today.
Let's see what happens tomorrow.
Good Trading!
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