Harry Boxer
The Technical Trader
The stock market indices started out with a bang, and although the blue chips didn't do as well, the Nasdaq 100 was the star today.
The day started out with a gap up, and the Nasdaq 100 just kept going up in a rising channel all day. The S&P 500, however, stalled at 2070, a point below Friday's all-time high, and then went sideways, consolidated, and support held all day, only to see it rally back toward the highs for the day.
Net on the day, the Dow was up 7.84 at 17,817.90. The S&P 500 was up 5.91 at 2069.41. The Nasdaq 100 was up 32.99 at 4284.32.
Advance-declines were 3 to 2 positive on the New York Stock Exchange, and 2 1/2 to 1 positive on Nasdaq. Up/down volume was slightly positive on New York, with total volume of 3 billion shares. Nasdaq traded 1.5 billion shares, and had a 3 1/2 to 1 positive volume ratio.
TheTechTrader.com board was almost all green today. Priceline.com Incorporated (PCLN) was up 8.68 to 1160.14, Google Inc. (GOOG) up 1.77 to 539.27, Apple Inc. (AAPL) up 2.15 to 118.63, Amazon.com Inc. (AMZN) 3.01 to 335.64, but Netflix, Inc. (NFLX) lost 3.81 to 356.47.
Tesla Motors, Inc. (TSLA) ran 3.94 to 246.72.
Cyber-Ark Software Ltd. (CYBR) was up 4.20 to 47.01, VASCO Data Security International (VDSI) up 1.46 to 28.22, SolarCity Corporation (SCTY) 1.30 to 56.35, NXP Semiconductors NV (NXPI) 1.33 to 76.18, MOBILEYE N.V. (MBLY) 2.01 to 46.39, GoPro, Inc. (GPRO) 1.82 to 72.54, and ALIBABA GROUP HOLDING LTD (BABA) 3.19 to 113.92.
Ambarella, Inc. (AMBA) jumped 1.88 to 51.51, and Agios Pharmaceuticals, Inc. (AGIO) spiked 1.90 to 96.74.
On the downside, Arista Networks, Inc. (ANET) lost 1.21 to 72.94.
Checking the TheTechTrader.com percent-gain leaderboard, Ekso Bionics Holdings, Inc. (EKSO) popped 24 cents to 1.75, or 16%. Amicus Therapeutics, Inc. (FOLD) climbed 72 cents to 7.68, or 10%, on 5.2 million shares. Ariad Pharmaceuticals Inc. (ARIA) shot up 63 cents to 7.15, or 10%, on 16.8 million shares.
BioTelemetry, Inc. (BEAT) bounced 1.01 to 9.12, or 13%, on nearly a million shares.
Outerwall Inc. (OUTR), which we traded, gained 7.83 to 71.39, or 12%, on 3.6 million shares, and traded as high as 73.33 earlier in the day. Digital Ally Inc. (DGLY), on the Ferguson dicision, moved up 1.53 to 14.05, or 12%.
Among other gainers, Maxwell Technologies, Inc. (MXWL) may be breaking out, up 83 cents to 11.46.
Straight Path Communications Inc. (STRP) was up 1.98 to 20.18, PTC Therapeutics, Inc. (PTCT) up 4.64 to 44.41, Allied Motion Technologies Inc. (AMOT) up 2.09 to 21.72, 3D Systems Corp. (DDD), on an acquisition, 2.35 to 37.50, and Isis Pharmaceuticals, Inc. (ISIS) 1.48 to 52.42.
Receptos, Inc. (RCPT) had a great session, up 7.48 to 126.67.
Stepping back and reviewing the hourly chart patterns, the indices gapped up and channeled up all day on the Nasdaq 100. They had a stellar start to the week, but are right on key overhead resistance at last week's highs as is the S&P 500. If it blows through here they could have a short-covering rally.
Let's see what happens tomorrow.
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