Back
23 Jan 2015
US indices close positive after ECB meeting – TechTrader
FXStreet (Barcelona) - Harry Boxer of The Technical Trader, comments that US indices rallied strongly to the upside after seeing a sharp during the opening session, with Dow, S&P500 and Nasdaq experiencing a positive close.
Key Quotes
“The stock market had a very strong session. It started out with a pop and a sharp drop, severely testing support, but when the trendlines held they rallied strongly into late morning, and consolidated midday in beautiful flags and coils. The indices ran in the afternoon just as strongly as in the morning to close with a pop to the upside.”
“Net on the day, the Dow was up 259.70 at 17,813.98. The S&P 500 was up 31.03 at 2063.15. The Nasdaq 100 was up 78.27 at 4270.36.”
“Advance-declines were 4 to 1 positive on the New York Stock Exchange, and 3 to 1 positive on Nasdaq. Up/down volume was 4 1/2 to 1 positive on New York, with total volume of 4 billion shares. Nasdaq traded 2 billion shares, and had a nearly 4 to 1 positive volume ratio.”
Key Quotes
“The stock market had a very strong session. It started out with a pop and a sharp drop, severely testing support, but when the trendlines held they rallied strongly into late morning, and consolidated midday in beautiful flags and coils. The indices ran in the afternoon just as strongly as in the morning to close with a pop to the upside.”
“Net on the day, the Dow was up 259.70 at 17,813.98. The S&P 500 was up 31.03 at 2063.15. The Nasdaq 100 was up 78.27 at 4270.36.”
“Advance-declines were 4 to 1 positive on the New York Stock Exchange, and 3 to 1 positive on Nasdaq. Up/down volume was 4 1/2 to 1 positive on New York, with total volume of 4 billion shares. Nasdaq traded 2 billion shares, and had a nearly 4 to 1 positive volume ratio.”