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
03/10/09 7.07% C announces a profit in 2 months shocking everyone, Fed promises uptick rule for shorting.
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.
11/24/08 - 6.33% C gets government bailout part 2.
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 Up Volume 623,810,818 (49%)
Advancers 3,459 (89%)
New Highs 8
New Lows 158
Nasdaq Volume 2,500,204,169 low
Up Volume 2,370,672,756 (95%)
Advancers 2,356 (80%)
New Highs 6
New Lows 196
Up on low volume. A bear trap.
Put/Call ratio 0.73
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 44.73 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
$BKX Banks 22.65 +3.05 +15.56% C makes money. all banks go up.
Collapse of the day
$XAU Gold 109.97 -5.53 -4.79%
Crude $45.83
Nat Gas $3.87
Gold $895
Silver $12.53
Copper $1.67
DJIA 6,926.49 +379.44 5.8%
NASDAQ 1,358.28 +89.64 7.1%
S&P 719.60 +43.07 6.4%
I think it will run a few days then retreat. |
