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30 Mar 2015
US Indices pare gains, but still close ahead – TechTrader
FXStreet (Barcelona) - Harry Boxer of The Technical Trader, summarizes the performance of US equity indices as seen in the previous week, noting that the Indices sold-off in the last few minutes of the trade to pare back their gains, but ended the day positive.
Key Quotes
“The stock market indices had a very unusual day, first the volatility in the morning, and then an extremely narrow movement sideways in tight boxes for about three hours.”
“In the last half hours Intel rumors hit the market with news about an acquisition of Altera, and then the entire semiconductor group exploded.”
“The S&P 500 bounced, but the Nasdaq 100 made a new session high at 43.43, and then reversed sharply in the last 5 minutes. Fortunately, the S&P 500 did not confirm, reaching new session highs at 2062.83, but was unable to break through, and backed off a couple points into the close.”
“Net on the day, the Dow was up 34.43 at 17,712.66. The S&P 500 was up 4.87 at 2061.02. The Nasdaq 100 was up 17.60 at 4332.86.”
“Advance-declines were about 3 to 2 positive on the New York Stock Exchange, and 3 to 2 positive on Nasdaq as well. Up/down volume was 15 to 13 negative on New York, with total volume of 2.8 billion shares. Nasdaq traded close to 1.6 billion shares, and had a 2 to 1 positive volume ratio.”
Key Quotes
“The stock market indices had a very unusual day, first the volatility in the morning, and then an extremely narrow movement sideways in tight boxes for about three hours.”
“In the last half hours Intel rumors hit the market with news about an acquisition of Altera, and then the entire semiconductor group exploded.”
“The S&P 500 bounced, but the Nasdaq 100 made a new session high at 43.43, and then reversed sharply in the last 5 minutes. Fortunately, the S&P 500 did not confirm, reaching new session highs at 2062.83, but was unable to break through, and backed off a couple points into the close.”
“Net on the day, the Dow was up 34.43 at 17,712.66. The S&P 500 was up 4.87 at 2061.02. The Nasdaq 100 was up 17.60 at 4332.86.”
“Advance-declines were about 3 to 2 positive on the New York Stock Exchange, and 3 to 2 positive on Nasdaq as well. Up/down volume was 15 to 13 negative on New York, with total volume of 2.8 billion shares. Nasdaq traded close to 1.6 billion shares, and had a 2 to 1 positive volume ratio.”