The stock market had a mixed, volatile, but positive session on Thursday.
The day started out to the upside at 2891.00 S&P 500(NYSEARCA:SPY) and 7500.85 Nasdaq 100. The Nasdaq 100 almost immediately ran up to the day’s high at 7530.91, pulled back, rallied, came down in a 3-wave falling wedges, snapped back off support, moved back up in vertical wedges to 7515.54, and consolidated for most of the session. The S&P 500 had a consolidation day, intraday reaching up to 2895.75, then took a slide down to session lows at 2883.75, consolidated and continued to consolidate most of the day, both indices closing positive on the session.
Net on the day, the Dow (NYSEARCA:DIA) was up 101.94 at 26,106.77. The S&P 500 was up 11.30 at 2891.00, 24 points off its lows. The Nasdaq 100 was up 38.39 at 7510.68, 23 points off its low.
Advance-declines were 2 1/2 to 1 positive on the New York Stock Exchange and 2 1/3 to 1 positive on the Nasdaq(NYSEARCA:QQQ). Up/down volume was 2 1/2 to 1 positive of New York, total volume 3 billion shares traded. The Nasdaq traded 1.7 billion and had a flat, but slighly positive volume ratio.
TheTechTrader.com board was mostly green on Thursday. Amazon.com, Inc. (AMZN) was up 14.98 to 1870.30, Alphabet Inc. (GOOG) up 11.74 to 1088.77, Facebook, Inc. (FB) 2.43 to 177.47, and First Solar, Inc. (FSLR) 2.27 to 62.15.
Tesla, Inc. (TSLA) jumped 4.65 to 213.91, NVIDIA Corporation (NVDA) gained 2.06 to 148.26, and Intuitive Surgical, Inc. (ISRG) ran 3.68 to 505.60.
Other stocks to the upside included Square, Inc. (SQ) up 1.73 to 72.19, Teladoc, Inc. (TDOC) 1.53 to 59.27, Anaplan, Inc. (PLAN) 1.75 to 48.50, GrubHub Inc. (GRUB) 2.98 to 72.92, and REGENXBIO Inc. (RGNX) 2.58 to 49.43, were among many others.
The Direxion Daily S&P Biotech Bull 3X ETF (LABU) bounced 1.88 to 43.34.
To the downside, point-plus losers included Apple Inc. (AAPL) closed flat, down 4 cents to 194.15, Netflix, Inc. (NFLX) was down 2.13 to 343.43, Twitter, Inc. (TWTR) 1.14 to 36.35, Alteryx, Inc. (AYX) 2.31 to 102.15, and Twilio Inc. (TWLO) 2.03 to 141.06,
Checking TheTechTrader.com percent-gain leaderboard, DryShips Inc. (DRYS) advanced 72 cents, or 23%, to 3.88, on 4.3 million shares. RUHNN HOLDING LTD (RUHN) eked out 75 cents, or 23%, to 4.01, on 3.3 million shares. Frontline Ltd. (FRO) climbed 77 cents, or 11%, to 7.99, on 1.3 million shares.
Coda Octopus Group, Inc. (CODA), on earnings, had an excellent day, running up to 14.85 before pulling back and closing up 4.45, or 46%, to 14.16, on 3.8 million shares. RH (RH) exploded 15.02, or 16%, to 109.91, on 8.7 million shares.
Red Robin Gourmet Burgers, Inc. (RRGB), which was on our Boxer Shorts list for quite some time, skyrocketed on buyout news 8.02, or 31 1/2%, to 33.48. Callaway Golf Company (ELY) popped 2.29, or 14%, to 18.19, on 4.3 million shares. Revilve Group (RVLV) climbed 3.89, or 11%, to 40.40, on 3.8 million shares. CrowdStrike Holdings, Inc. (CRWD), nearly doubled since new IPO, gained 9.56, or 16%, to 67.56, on 11 million shares. ContraVir Pharmaceuticals, Inc. (CTRV) closed up 2.16, or 27%, to 10.11.
Among other gainers, Lululemon Athletica Inc. (LULU) was up 3.63 to 174.52 and The Trade Desk, Inc. (TTD) up 4.68 to 246.88.
Let’s see what happens tomorrow.