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19 May 2015
US indices see a strong start to the week – TechTrader
FXStreet (Barcelona) - Harry Boxer of TheTechnicalTrader, summarizes the intraday market performance of US indices during the NA trade, noting that Dow, Nasdaq and S&P 500 saw a strong start to the week, ending the day positive and near respective highs.
Key Quotes
“The stock market indices started off the week on a down note as futures were lower, but they quickly held support, and rallied in a 5-wave advance all day, until the last hour when they pulled back to pare back the gains.”
“Net on the day, Dow was up 26.32 at 18,298.88, after reaching the 18,300 earlier, up about 28 points. The S&P 500 was up 6.47 at 2129.20, 2 points off the high. The Nasdaq 100 was up 18.66 at 4512.95, 9 points off the high.”
“Advance-declines were 17 to 13 positive on New York Stock Exchange, but nearly 2 to 1 positive on Nasdaq. Up/down volume was 5 to 4 positive on New York, with total volume of 3 billion shares. Nasdaq traded a little under 1.6 billion shares, and had a 2 to 1 positive volume ratio.“
Key Quotes
“The stock market indices started off the week on a down note as futures were lower, but they quickly held support, and rallied in a 5-wave advance all day, until the last hour when they pulled back to pare back the gains.”
“Net on the day, Dow was up 26.32 at 18,298.88, after reaching the 18,300 earlier, up about 28 points. The S&P 500 was up 6.47 at 2129.20, 2 points off the high. The Nasdaq 100 was up 18.66 at 4512.95, 9 points off the high.”
“Advance-declines were 17 to 13 positive on New York Stock Exchange, but nearly 2 to 1 positive on Nasdaq. Up/down volume was 5 to 4 positive on New York, with total volume of 3 billion shares. Nasdaq traded a little under 1.6 billion shares, and had a 2 to 1 positive volume ratio.“