Highest close since Jul 16.

The market moved up Thursday, and Nasdaq Combined Composite Index ended at 18014 points, which is an increase of 2.5 percent. The index has not closed higher since Jul 16. The index has thereby closed up seven out of the past nine days.

5452 shares were up and 1629 were down, while 239 remained unchanged, and there was no trading in 222 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 644.2 billion.

SPDR S&P 500 ETF gained 1.7 percent to 571 dollar. The stock thereby broke the previous record from Jul 16 and set a new all time high. The stock has thereby closed up eight out of the past nine days. Technically it also looks good. The stock is trend wise positive in the medium term, has broken up through resistance at 565 dollar and a further increase is indicated.
Meta Platforms A closed up 3.9 percent to 559 dollar. The stock thereby broke the previous record from Jul 5 and set a new all time high. The stock has now risen for the fourth day in a row. The stock triggered a buy signal by the break up through the resistance at 550 dollar in rectangle formation. A further increase to 672 dollar within eight months is indicated.
Russell 2000 ETF was up 2.1 percent to close at 224 dollar. The stock has now closed up for the seventh day in a row and this past week the stock has gained as much as 5.8 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 210 dollar and a further increase is indicated.
Alphabet A gained 1.5 percent to 162 dollar. The stock has now risen for the seventh day in a row and this past week the stock has gained as much as 4.8 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 140 dollar and a further increase is indicated.
Tesla closed at 244 dollar after posting a gain of 7.4 percent. The previous time the stock gained this much was Jul 2, when it closed up 10.2 percent. The stock has thereby closed up 11 out of the past 15 days. It also looks good technically. The stock is assessed as technically positive for the medium long term.

Winners Thursday

Cybin4096.08%
Banzai International A4014.29%
Golden Heaven Group3593.05%
Markforged1049.36%
Signing Day Sports308.01%

Losers Thursday

Haoxi Health Technology-73.33%
Dunxin Financial ADR-40.00%
NuZee-32.82%
Progyny-32.65%
Aligos Therapeutics-28.11%

Most traded Thursday

SPDR S&P 500 ETF43003.63
NVIDIA34595.60
Powershares QQQ25512.96
Tesla25049.26
Apple15284.24

Today's free analyses Semiconductor Bull 3X Direxion

 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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