Best days in Nasdaq history percentage wise.
01/03/01 up 14.17% Greenspan drops rates unexpectedly 50 basis points for fed funds rate
10/13/08 11.81% MS get Japanese 9B infusion. Market rebounds after worst week ever. Banks globally get cash liquidity. Crash bounce.
12/05/00 10.48% Greenspan, crude dropping below $30 and positive election outcome
10/28/08 9.53% Anticipation of a FED rate cut. BA settles strike. Housing inventories decline.
04/05/01 8.92% DELL affirms guidance and Alcoa has a good quarter. Yahoo got Lehman upgrade.
04/18/01 8.12% Greenspan cuts rates, INTC says demand may have bottomed and TXN says largest wireless customer inventory done and they would be ordering.
05/30/00 7.94% LU buy out offer for Chomatis. Analysts pump semis and opticals.
10/13/00 7.87% Friday the 13th and a Full Moon too.
5/8/02 - 7.78% CSCO beats by 2 cents, QLGC has a strong quarter with further upside.
12/22/00 7.56 Santa Claus visited the Nasdaq
10/21/87 - 7.34% Crash of 1987 bounce toward new highs
4/18/00 - 7.19% Investors buy quality tech issues that had been dragged down by the indiscriminate selling that took place in the past couple of weeks
4/25/00 - 6.57% JDSU amd EMC had great earnings.
4/17/00 - 6.56% Lattice Semi, Texas Instrument, and Vitesse beat estimates.
11/13/08 - 6.50 The market tested the 839 lows of Oct 11 and bounced back with a fury.
4/10/01 –– 6.09% CSFB upgrades European telcos to Neutral from underweight, Marconi says it will make numbers.
09/08/98 - 6.02% Greenspan hints he might cut rates.
12/08/00 –– 5.99% INTC up 5.22%. CIBC World Markets upgrades to BUY from HOLD, despite lowering FY01 view by 17.6% to $1.40. Believes worst in stock is over.
10/03/01 - 5.93% CSCO reaffirms guidance, Bush announces financial stimulus package for business, NAPM non-manufacturing index for September came in at 50.2 percent, up from the previous month's 45.5 percent and much higher than the expected 43.3 percent.
10/20/87 - 5.92% Crash bounce.
11/14/00 5.78% GLW announces an alliance with CSCO in optical infrastructure.
10/31/00 5.58% Halloween
10/16/08 5.49% unemployment and inflation steady.
11/21/08 - 5.18% Obama names NY Fed as Treasury Secretary condidate
finance.yahoo.com
NYSE Volume 2,091,812,619 low
Up Volume
Down Volume
Advancers 2,380 (63%)
New Highs 42
New Lows 1,349
Nasdaq Volume 3,172,482,085
Up Volume 2,530,461,675 (80%)
Down Volume
Advancers 1,777 (58%)
Decliners
New Highs 4
New Lows 1226
Many new lows in an up market. Not good.
Put/Call ratio 1.12
Under 0.40 is Very Bullish sentiment, 0.40-59 Bullish, 0.60-0.79, Neutral, 0.800-0.99 Bearish, Over 1.00 Very Bearish. When many are bullish, this may be time to take profit.
VIX 72.67 highest ever for an up day
When it runs below 20, usually a good time to take some profits. If above 35, good time to buy.
Sector Watch
Breakout of the day
$XAU Gold 88.80 +18.72 +26.71% People are going to safe havens. At least for today.
Collapse of the day
Everything was up
Crude $49.93
Nat Gas $6.53
Gold $791
Silver $9.50
Copper $1.57
DJIA 8046.42 up 6.54 494.13
S&P 800.03 up 6.32% 47.59
NASDAQ 1384.35 up 5.18% 68.23
U.S. Department of Transportation reported that Americans drove 90 billion fewer miles over the most recent 11 months of the fiscal year. Rural interstate travel fell the most, with declines of 8 percent. |
