US Indices see a mixed close, blue-chips lower – TechTrader

FXStreet (Barcelona) - Harry Boxer of The TechTrader, summarizes the performance of US equity indices, noting that the indexes saw a mixed close, with Dow & S&P 500 closing negative while the tech heavy Nasdaq ended with gains.

Key Quotes

“The stock market indices had a very interesting day, popping at the opening, and then backing and filling the rest of the day, with S&P 500 downward bias, and the Nasdaq 100 sideways bias. As a result, both blue-chip indices, the Dow and S&P 500, were lower, the Nasdaq 100 higher, and technicals were flat. It was a very intriguing day.”

“The day started out with a pop to the upside, then a pullback, while the Nasdaq 100 went sideways, backing and filling in the 12-point range all day. The S&P 500 continued to make lower-lows, and was not able to get through the declining topsline.”

“Net on the day, the Dow was down 85.34 at 17,949.59, 20 points off the low. The S&P 500 was down 3.11 at 2097.29, 3 points off its low, and 12 off its high. The Nasdaq 100 was up 18.58 at 4435.98, 5 points off its low and 13 points off its high.”

“Advance-declines were very narrow, nearly flat, 1525 to 1521 on New York Stock Exchange and 1335 to 1375 on Nasdaq. Up/down volume was 5 to 3 negative on New York, with total volume of 3 1/4 billion shares. Nasdaq traded 1 2/3 billion shares, and had a 3 to 2 positive volume ratio.”