Nice Gains for the Holiday

The stock market indices had a fabulous session today, celebrating the Thanksgiving Holiday early, as they opened strong, particularly on Nasdaq 100. The NDX was very strong all day, but the S&P 500 was choppy this morning, and didn't quite get above resistance. To confirm late in the session they came on strong again and closed near the highs for the day going away.

Net on the day, the Dow was up 12.81 at 17,827.75, 35 points off the low. The S&P 500 was up 5.80 at 2072.83, 6 points off its low, but very near the high. The Nasdaq 100 was up 29.76 at 317.99, a new 14-year high, just a point-point and a half off the session high.

Advance-declines were better than 3 to 2 positive on the New York Stock Exchange, and better than 3 to 2 positive on Nasdaq. Up/down volume was 5 to 4 positive on New York, with total volume of 3.7 billion shares. Nasdaq traded 1.3 billion shares, and had a 9 to 4 positive volume ratio.

TheTechTrader.com board had an amazing day considering that Nasdaq 100 was up nearly 30, without the leadership of Priceline, Google, or Amazon. Apple Inc. (AAPL) was up 1.40 to 119.00, and Netflix, Inc. (NFLX) was pretty choppy, but still advanced 2.17 to 351.16.

Pharmacyclics Inc. (PCYC) was nearly flat, up only 68 cents to 138.33, Tesla Motors, Inc. (TSLA) also had a choppy day, reaching its peak around 249.00 at the opening, worked its way back down and moved along pretty choppily, and closed at 246.60, up just 35 cents, and Vipshop Holdings Limited (VIPS) was right along with them, but nearly reached 1.00 advance, up 96 cents to 22.94.

GoPro, Inc. (GPRO) was the big winner today among the stocks we follow, up 4.34 to 79.05.

Agios Pharmaceuticals, Inc. (AGIO), one of our favorites, was up 4.41 to 102.44, and Arista Networks, Inc. (ANET), another one of our favorites up 2.41 to 76.15, Facebook, Inc. (FB) up nearly two points, 1.99 to 77.62, Twitter, Inc. 1.37 to 41.13, NXP Semiconductors NV (NXPI) 1.70 to 77.85, another favorite, and NewLink Genetics Corporation (NLNK), 3.19 to 38.47.

Regulus Therapeutics Inc. (RGLS), a swing trade of ours, gained 1.13 to 18.57, and Splunk, Inc. (SPLK) climbed 2.38 to 68.01 and rounded out the gainers on our board today.

On the downside, the only stocks that were down were Priceline.com Incorporated (PCLN), down a whopping 12.34 to 1166.83, Google Inc. (GOOG) down just 71 cents to 540.37, Amazon.com Inc. (AMZN) down 1.47 to 333.57, and Lakeland Industries Inc. (LAKE) gave back some of its gains from yesterday, down 1.78 to 11.83, and more than 13%.

Checking the TheTechTrader.com percent-gain leaderboard, Viggle Inc. (VGGL) had a nice thrust early on which took it up near the highs for the day, but it bounced around until it hit a penny off the high around 32.00, but it wasn't until midafternoon when it reached the high of 3.65, pulled back. It bounced to 3.65 a second time, and shortly before closing, but pulled back, closing up 77 cents to 3.43, or 29%, on 14 million shares. Still that was 2200% more volume than average. E-House (China) Holdings Limited (EJ) ran 88 cents to 9.89, or nearly 10%, at 9.77%, or 3.2 million shares. IGI, Laboratories, Inc. (IG), one of our swing trades, bounced its way up 84 cents to 10.82, or 8 1/2%, or 1.3 million shares.

Veeva Systems Inc. (VEEV) jumped 3.54 to 32.38, or 12 1/4%, on 4.6 million shares.

Among other gainers, iDreamSky Technology Limited (DSKY) was up 1.44 to 19.55, Ambarella, Inc. (AMBA) 3.66 to 54.85, with GoPro being a major supplier, Bitauto Holdings Limited (BITA) up 5.92 to 93.06, E-House (China) Holdings Limited (EJ) 1.06 to 17.95, and TASER International Inc. (TASR), which we put a swing trade on today, 1.28 to 21.87.

BioDelivery Sciences International, Inc. (BDSI) climbed 85 cents to 15.80.

Stepping back and reviewing the hourly chart patterns, the indices gapped, pulled back, and ran midday, especially hard at the end of the day, and closed with nice gains before the holiday.

Happy Thanksgiving!