(By Harry Boxer) The stock market indices had another mixed session today, with the Dow and S&P 500 up, and the Nasdaq 100 down.
The day started out with a move up on the S&P 500 and the NDX, but the NDX failed just under 2660 resistance, and the S&P 500 failed at 1325 1/2. They then rolled over into mid-afternoon, testing the lows on the NDX from yesterday, and then bounced. The last couple hours looked like a bear-wedge, although the S&P 500 did form some sort of mini-intraday, inverted head-and-shoulders, and was not able to get through the neckline.
Net of the day, the Dow was up 74.39 at 13,001.56, the S&P 500 up 5.03 at 1371.97, and the Nasdaq 100 was down 14.77 at 2638.73. Apple Inc. (AAPL) was down 11.42 to 560.28, and Netflix, Inc. (NFLX) dropped 14.16 to 87.68 on negative earnings, which put pressure on the NDX.
Advance-declines were more than 2 to 1 positive on the New York Stock Exchange, and about 2 to 1 negative on Nasdaq. Up/down volume was nearly 2 1/2 to 1 positive on New York, with total volume at around 740 million. Nasdaq traded 1 2/3 billion, and had a 9 to 7 1/2 negative volume ratio.
TheTechTrader.com board was mostly mixed, but there were several stocks moving to the upside that made the day interesting. On the upside, Goldman Sachs (GS) was up 2.36 to 114.11, and International Business Machines Corp. (IBM) jumped 1.38 to 200.00 even. Affymax, Inc. (AFFY) gained 1.36 to 12.95.
Ultra-long Direxion Daily Financial Bull 3X Shares (FAS) were up 2.98 to 99.29 as well as the The Direxion Daily Small Cap Bull 3X Shares (TNA), up 1.18 to 55.04.
TheTechTrader.com board had some interesting action today. There were some low-priced stocks that had very good gains today, including Good Times Restaurants Inc. (GTIM) which gained 1.74 to 4.55, or 62%, on 1.7 million shares. China Information Technology, Inc. (CNIT) was up 27 cents to 1.59, or 30%. Alimera Sciences, Inc. (ALIM) advanced 75 cents to 3.44, or 28%. Grifols, S.A. (GRFS) gained 1.05 to 9.35, or nearly 12.65%, on 5.8 million shares.
Align Technology Inc.