US indices end higher – TechTrader

FXStreet (Barcelona) - Harry Boxer of The Technical Trader, shares the performance of Dow, S&P 500 and the Nasdaq 100, noting that US indices had a very strong day, closing the American session near their highs.

Key Quotes

“It was a very strong day on Wall Street. The stock market indices gapped up on futures, pulled back briefly for a couple minutes, and then ran up to the morning highs before consolidating for a couple hours in beautiful flag-type patterns, and spent the rest of the day stair-stepping their way higher, closing at the highs for the day going away.”

“Net on the day, the Dow was nearly back to 18,000, up 110.24 at 17,972.38, 3 points off its high. The S&P 500 was up 19.95 at 2088.48, within a nickel of its high. The Nasdaq 100 was up 51.55 at 4347.97, at the high for the day.”

“Advance-declines were 4 to 1 positive on the New York Stock Exchange, and 19 to 8 positive on Nasdaq. Up/down volume was 5 to 1 positive on New York. Nasdaq had a 3 to 1 positive volume ratio.”

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