Monster Day, Great Technicals
Net on the day, the Dow was up 207.34 at 12,795.65. The S&P 500 was up 26.99 at 1386.27. The Nasdaq 100 closed up 61.67 at 2595.83, just a point off the high.
Advance-declines were 8 to 1 positive, with 2700 up and 359 down on the New York Stock Exchange, and 4 to 1 positive on Nasdaq. Up/down volume was 15 to 1 positive on New York, with total volume of 678 million shares. Nasdaq traded over 1.7 billion and had a 7 to 1 positive volume ratio.
It was a monster day on Wall Street as the stock market indices gapped up, and just kept running all day in stair-step fashion, including a late spurt into the close to leave the S&P 500 at the session highs going away into the bell, up nearly 27 points.
It was quite a big day for Wall Street and an important technical day as the key declining topsline and moving averages were broken and closed above, with the NDX and S&P 500 near the highs for the day going away.
It was a spectacular session to start the week and an important day technical.
We’ll see how it goes on tomorrow.