The day started out with a move up off the get-go. The indices rolled over hard into midday where they reached their session lows around the 2214-15 zone on the Nasdaq and 1256 S&P 500. They then rallied from there, and in the next 45-50 minutes or so reached their afternoon highs at 2233 NDX and 1277 S&P 500. That was key overhead resistance, from where they rolled over into the close to take back much of the profits, closing flat on the day.
Net on the day, the Dow was up 1.06 at 11,952.97, the S&P 500 up 0.85 at 1271.83, and the Nasdaq 100 up 1.19 at 2222.28.
Advance-declines were 17 to 13 negative on the New York Stock Exchange and 16 1/2 to 9 1/2 negative on Nasdaq. Up/down was flat on New York with total volume just under 900 million shares. Nasdaq traded about 1.7 billion and had an 11 to 6 negative volume ratio.
Charts of the Day: Click below to view video.
