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Markets Mixed on Monday

Markets were mixed, but very green on Monday.

 

By Harry Boxer

The day started out with gaps up on both the S&P 500 (NYSEARCA:SPY) and Nasdaq 100, they moved three waves up on both indices, reaching early morning highs at 2894.23 S&P 500 and 7542.69 Nasdaq 100. They bounced around up there for a short while, came down and consolidated for the rest of the session, with little up or down motion, until the late 15 minutes when they came down to 2887.30 S&P 500 and 7521.03 Nasdaq 100, and then bounced slightly into the close. It was a very positive consolidation day.

Net on the day, the Dow (NYSEARCA:DIA) was up 22.92 at 26,112.53. The S&P 500 was up 2.69 at 2889.67. The Nasdaq 100 was up 47.41 at 7526.52.

Advance-declines were 290 issues positive on the New York Stock Exchange and 242 issues positive on the Nasdaq(NYSEARCA:QQQ). Up/down volume was 2 to 1 positive of New York, total volume 2.6 billion shares traded. The Nasdaq traded 1.8 billion and had a flat, but slightly negative, volume ratio.

TheTechTrader.com board was mostly green on Monday. Amazon.com, Inc. (AMZN) was up 16.36 to 1886.03, Alphabet Inc. (GOOG) up 7.15 to 1092.50, Apple Inc. (AAPL) up 1.15 to 193.89, Facebook, Inc. (FB) 7.68 to 189.01, and Netflix, Inc. (NFLX) 10.89 to 350.62.

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Other stocks to the upside included Teladoc, Inc. (TDOC) up 1.37 to 60.04, CRISPR Therapeutics AG (CRSP) up 3.80 to 47.07, Pluralsight, Inc. (PS) up 1.21 to 31.20, Keurig Dr Pepper Inc. (KDP) 1.40 to 30.03, Incyte Corporation (INCY) 4.13 to 81.84, DocuSign, Inc. (DOCU) 1.97 to 52.75, SILK ROAD MEDICAL INC (SILK) 3.18 to 48.17, Titan Machinery Inc. (TITN) 1.01 to 16.91, AECOM (ACM) 1.79 to 35.19, and Mimecast Limited (MIME) 2.19 to 46.08, were among many others.

The Direxion Daily S&P Biotech Bull 3X ETF (LABU) jumped 5.77 to 46.63 (14%).

The only point-plus loser on our board was PaySign, Inc. (PAYS) down 1.38 to 11.32.

Checking TheTechTrader.com percent-gain leaderboard, Calithera Biosciences, Inc. (CALA), on positive drug news, popped 59 cents, or 11%, to 5.80, on 1.4 million shares.

UP Fintech Holding Limited (TIGR) jumped 1.43, or 35%, to 5.54, on 5.4 million shares. Endurance International Group Holdings, Inc. (EIGI) was up 1.03, or 23%, to 5.54, on 2.3 million shares. ArQule, Inc. (ARQL) ran 1.38, or 17%, to 9.58, on 23 million shares.

Array BioPharma Inc. (Array BioPharma Inc. (ARRY)) jumped 16.85, or 57%, to 46.44, on 82 million shares. C&J Energy Services, Inc. (CJ) climbed 2.15, or 20%, to 12.87, on 7.3 million shares.

uniQure N.V. (QURE) up 8.59, or 12%, to 81.14, on 3.4 million shares. Voyager Therapeutics, Inc. (VYGR) climbed 2.51, or 10%, to 26.75. Soliton, Inc. (SOLY) stair-stepped up 2.34, or 16%, to 16.65, on 1.2 million shares. Luck Coffee Inc. (LK) gained 1.94, or 10%, to 21.17, on 7.9 million shares. Bitcoin Investment Trust (GBTC) advanced 1.20, or 11%, to 12.00, on 7.2 million shares. Iovance Biotherapeutics, Inc. (IOVA) gained 2.85, or 15%, to 21.95, on 3.6 million shares. Beyond Meat, Inc. (BYND) closed up 18.48, or 12%, to 169.96, on 14 million shares.

Among other gainers, Amgen Inc. (AMGN) was up 2.31 to 178.39, Globant S.A. (GLOB) up 1.96 to 101.46, and Alteryx, Inc. (AYX) up 2.53 to 106.64.

Let’s see what happens tomorrow.