A Positive Day for the Markets on Wednesday
The markets had a very good day on Wednesday.
They gapped up at the open, pulled back, the Nasdaq 100 rallying in a 5-wave move up early morning, pulled back, consolidated, reaching the day’s high at 7589.69 right at the start of the noon hour. They rolled over, came down in a 5-wave decline, bounced around the next two hours, and pulled back in the last ten minutes to close positive on the day.
Net on the day, the Dow(NYSEARCA:DIA) was up 39.00 at 26,218.13. The S&P 500 (NYSEARCA:SPY) was up 6.16 at 2873.40. The Nasdaq 100 was up 45.33 at 7544.97.
Total volume on The New York Stock Exchange was 3.5 billion shares traded and the Nasdaq(NYSEARCA:QQQ) traded 2.1 billion shares.
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TheTechTrader.com board was mostly all green on Wednesday. Amazon.com, Inc. (AMZN) was up 6.72 to 1820.70, Alphabet Inc. (GOOG) up 5.43 to 1205.92, Apple Inc. (AAPL) 1.33 to 195.35, Netflix, Inc. (NFLX) 2.03 to 369.75, and Intel Corporation (INTC) 1.12 to 55.48.
Tesla, Inc. (TSLA) jumped 5.93 to 291.81, NVIDIA Corporation (NVDA) ran 5.62 to 188.62, and Baidu, Inc. (BIDU) gained 3.93 to 174.91.
The Direxion Daily S&P Biotech Bull 3X ETF (LABU) snapped back 1.96 to 63.69, and Nektar Therapeutics (NKTR) advanced 1.59 to 35.29.
Other stocks to the upside included Square, Inc. (SQ) up 1.45 to 77.05, Advanced Micro Devices, Inc. (AMD) up 2.27 to 29.02, Micron Technology, Inc. (MU) 1.46 to 43.90, Dave & Buster’s Entertainment, Inc. (PLAY) 2.47 to 52.95, Veoneer, Inc. (VNE) 1.47 to 25.33, Zayo Group Holdings, Inc. (ZAYO) 1.31 to 29.30, and Evolus, Inc. (EOLS) 1.12 to 23.72.
To the downside, the only point-plus losers on our board on Wednesday was Roku, Inc. (ROKU) down 2.04 to 68.60.
Checking TheTechTrader.com percent-gain leaderboard, Zynerba Pharmaceuticals, Inc. (ZYNE) popped 92 cents, or 14%, to 7.40, on 11.5 million shares. Evogene Ltd. (EVGN) thrust 63 cents, or 37%, to 2.35, on 1 million shares. Riot Blockchain, Inc. (RIOT) had a good day, popping 52 cents, or 12%, to 4.86, on 6.8 million shares.
Ocean Power Technologies, Inc. (OPTT) exploded 2.76, or 55%, to 7.76, on 24 million shares. InspireMD, Inc. (NSPR) bounced 1.44, o4 25%, to 7.14. Veritone, Inc. (VERI) eked out 1.13, or 20%, to 6.71, on 1.65 million shares. Powerbridge Technoloties Co, LTD (PBTS) moved up 2.04, or 40%, to 7.18, on 1.8 million shares.
DMC Global Inc. (BOOM) thrust 8.15, or 16%, to 58.95. Iovance Biotherapeutics, Inc. (IOVA), on positive news, ran 2.00, or 20%, to 11.80, on 4.5 million shares.
Among other gainers, Lyft, Inc. (LYFT) was up 1.03 to 70.00, and Alector, Inc. (ALEC) up 1.02 to 22.30.
Let’s see what happens tomorrow.