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13 Mar 2015
US Indices stage a rebound – TechTrader
FXStreet (Barcelona) - Harry Boxer of The Technical Trader, summarizes the performance of US Indices, with Dow, S&P 500 and Nasdaq staging an as anticipated rebound from previous lows.
Key Quotes
“The stock market indices had a very, very strong session, and after 5 waves down in the previous sessions, we were expecting some sort of snapback, and we got one.”
“The day started out with a strong start for S&P 500, in particular, as it vaulted from yesterday's lows near the 2040-41 zone. It spiked up to 2059 early on, consolidated, ran to 2062, consolidated again, and then the fifth wave up took it to 2066.41 near the end of the day.”
“Nasdaq 100 jumped from near 4300 in the morning, 43.30 being the morning high. It pulled back to 4318, and then 4333, and then an afternoon consolidation led to a later 4339 run-up before a little pullback.”
“Net on the day, the Dow was up 259.83 at 17,895.22, a few points off the high. The S&P 500 was up 25.71 at 2065.95, pennies from the high. The Nasdaq 100 was up 30.85 at 4336.23.”
“Advance-declines were nearly 3 to 1 positive on the New York Stock Exchange, and 2 1/2 to 1 positive on Nasdaq. Up/down volume was 2 1/2 to 1 positive on New York, with total volume of 3 1/3 billion shares. Nasdaq traded over 1.8 billion shares, and had a little less than a 2 1/2 to 1 positive volume ratio.”
Key Quotes
“The stock market indices had a very, very strong session, and after 5 waves down in the previous sessions, we were expecting some sort of snapback, and we got one.”
“The day started out with a strong start for S&P 500, in particular, as it vaulted from yesterday's lows near the 2040-41 zone. It spiked up to 2059 early on, consolidated, ran to 2062, consolidated again, and then the fifth wave up took it to 2066.41 near the end of the day.”
“Nasdaq 100 jumped from near 4300 in the morning, 43.30 being the morning high. It pulled back to 4318, and then 4333, and then an afternoon consolidation led to a later 4339 run-up before a little pullback.”
“Net on the day, the Dow was up 259.83 at 17,895.22, a few points off the high. The S&P 500 was up 25.71 at 2065.95, pennies from the high. The Nasdaq 100 was up 30.85 at 4336.23.”
“Advance-declines were nearly 3 to 1 positive on the New York Stock Exchange, and 2 1/2 to 1 positive on Nasdaq. Up/down volume was 2 1/2 to 1 positive on New York, with total volume of 3 1/3 billion shares. Nasdaq traded over 1.8 billion shares, and had a little less than a 2 1/2 to 1 positive volume ratio.”