logo
  Join        Login             Stock Quote

Indices Close Lower But Substantially Off Lows

 December 04, 2012 06:13 PM
 


The stock market indices ended down on the day, substantially off the morning lows. They were actually in the plus column with an hour to go, but failed and faded in the last hour.

Net on the day, the Dow was down 13.90 at 12,951.71, 13 points off the low and 70 points off the high. The S&P 500 was down 2.42 at 1407.04, 4 points off the low and about 6 off high. The Nasdaq 100 was down 3.95 at 2667.89, 15 points off the low and 7 off the high.

Advance-declines were slightly negative by 100 issues on the New York Stock Exchange, and 125 issues on Nasdaq. Up/down volume was slightly negative on New York, and slightly negative on Nasdaq as well.

TheTechTrader.com was mixed, but we had quite a few winners today. Netflix Inc. (NFLX) announced a deal with Disney and exploded, going from 74.50 to 88.00, and closing up 10.65 to 86.65, or 14%, on 14 million shares. Green Mountain Coffee Roasters Inc. (GMCR) had an excellent day as well, exploding from 37.46 to 41.25, and closing up 2.97 to 40.78, or 8%, on 9.6 million shares.

[Related -Gold hasn’t lost its allure in my portfolio]

Amazon Inc. (AMZN) was up 2.16 to 252.49, but Apple Inc. (AAPL) was the thorn in the side today, down 10.34 to 575.85, and Google Inc. (GOOG) lost 422 to 691.03. Goldman Sachs Group, Inc. (GS) was down 1.82 to 116.58, and Pharmacyclics Inc. (PCYC) gave back 1.38 to 54.55.

First Solar, Inc. (FSLR) jumped 2.11 to 29.61, just 11 cents off the high.

There were a lot of other gainers on our board today. Low-priced Sino-Global Shipping America, Ltd. (SINO) was up 33 cents to 1.89, or 21%, and got as high as 2.49. Biostar Pharmaceuticals, Inc. (BSPM) gained 20 cents to 1.18, or 20%. Inphi Corporation (IPHI) advanced 98 cents to 9.29, or 12%.

[Related -Netflix, Inc. (NFLX) Q4 Earnings Preview: What To Watch?]

Big Lots Inc. (BIG) was up 3.23 to 31.27, or 11.5%, on 10 million shares. HomeAway, Inc. (AWAY) popped 1.24 to 21.36. Francesca's Holdings Corporation (FRAN) jumped 1.51 to 26.81. Select Comfort Corporation (SCSS) ran up 1.38 to 27.67. Noble Corp. (NE) gained 1.34 to 35.59.

In addition, DSW Inc. (DSW) was up 2.73 to 70.52, and Badger Meter Inc. (BMI) up 1.63 to 45.85. The ProShares UltraShort Silver (ZSL), which we traded today, was up 1.60 to 42.92.

On the downside, Onyx Pharmaceuticals, Inc. (ONXX) was down 1.12 to 74.50. Direxion Daily Financial Bull 3X Shares (FAS) lost 1.05 to 105.38

Stepping back and reviewing the hourly chart patterns, the indices were down sharply by late morning. They rallied back and pulled back to retest, and made lower lows on the S&P 500 but not on the NDX. That contributed to an afternoon 3-wave rally that failed, and they rolled over into the close.

It was not too bad of a day, and many of our stocks were up today. Let's see what happens tomorrow.

Good Trading!

Harry

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageAmazon.com, Inc. (AMZN) Q2 Earnings Preview: Missing on the Top and Bottom Lines, Again?

Amazon.com, Inc. (NASDAQ:AMZN) will release its second quarter financial results after market close on read on...

article imageFord Motor Company (F) Q2 Earnings Preview: Light on the Top Line?

Ford Motor Company (NYSE:F) will release its preliminary second quarter 2014 results at 6:30 a.m. EDT read on...

article imageTripadvisor Inc. (TRIP) Q2 Earnings Preview: On Target Enough?

Tripadvisor Inc. (NASDAQ:TRIP) will release its second quarter financial results after market close on read on...

article imageFacebook Inc. (FB) Q2 Earnings Preview: Scoring Big on the World Cup

Facebook Inc. (NASDAQ:FB) will post its second-quarter 2014 financial results after the market close on read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.