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
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.
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 Volume unknown
Up Volume
Down Volume
Advancers 3,261 (86%)
New Highs 2
New Lows 153
Nasdaq Volume 2,642,607,866 low
Up Volume 2,486,407,611 (94%)
Down Volume
Advancers 2,211 (73%)
Decliners
New Highs 3
New Lows 165
Up on low volume. A bear trap.
Put/Call ratio 0.74
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 64.70 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 43.45 +6.54 +17.72%. C gets a hand all banks go up.
Collapse of the day
Everything was up
Crude $54.09
Nat Gas $6.83
Gold $815
Silver $10.55
Copper $1.66
DJIA 8443.39 up 4.93% 396.97
S&P 851.81 up 6.47% 51.78
NASDAQ 1472.02 up 6.33% 87.67
U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago.
Quote - Volatility is just too high to put much capital at risk - James De Porres |
