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Thread: Nasdaq Outperforms in Mixed Session

  1. Default Nasdaq Outperforms in Mixed Session

    The stock market indices started off the week with a mixed session. The Nasdaq 100 closed ahead, with Apple Inc. (AAPL) continuing strong after the positive ruling from international courts against Samsung. Apple was up 12.46 to 675.68, which certainly helped the NDX eke out a gain today.

    The day started out with gap to the upside, followed by a pullback, and then they took off and hit the session highs just before noon. They then pulled down in an orderly fashion, but couldnt rally. When they failed to breakout in the afternoon, they rolled over hard to nominal new lows, and then bounced into the close positively.

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    Advance-declines were about 164 issues lower on New York Stock Exchange, and almost dead-even flat on Nasdaq. Up/down volume was 3 to 2 negative on New York, with total volume of an ultra-light 483 million shares. Nasdaq traded over 1 1/4 billion, with the slightest negative plurality.

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    TheTechTrader.com board, as a result, other than Apple, only a few of our stocks did well today. Percent gainers included Impac Mortgage Holdings Inc. (IMH), up 1.07 to 5.56, or 24. Sarepta Therapeutics, Inc. (SRPT) gained 1.49 to 12.27, or 14, on 3.4 million shares. Nam Tai Electronics, Inc. (NTE) advanced 85 cents to 8.81, or 11, on 1.8 million shares.

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    In addition, Valero Energy Corporation (VLO) was up 1.53 to 30.77, Movado Group, Inc. (MOV) gained 1.36 to 30.11, VirnetX Holding Corp (VHC) gained 94 cents to 24.82, and Homeowners Choice, Inc. (HCII) advanced 95 cents to 20.45.
    Most of the gainers on our board today were up just a small fraction.

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