Monday, April 26, 2021
Yellow Arrow Sideways
DJI30 Index at the close —- 33,981.57 -61.92 (-0.18%)
The Index opened at 34044, up a fraction of a point, and quickly rose to 34149, up 105. It then abruptly fell to 34090, the beginning of a jagged drop to 34000 after 1:30. It ran slightly up to 34045 at 3:20, when it again fell abruptly to 33941, just over 100 points, at 3:30. It bounced up to 34115, then staggered into the close, for a 0.18% loss.
This is an inside day, with the hi lower by 9 points and the lo higher by 228 - the latter being a positive on a day that was mostly down hill. The span was a modest 207 points.
All the other indexes were up. The SP500 rose slightly in the morning, then chopped sideways the rest of the day. On Friday it set a new intra-day hi at 4194.17, but missed a new closing hi by 5 points. Today it reached a new intra-day hi by 0.02 points, and a new closing hi at 4187.62 by 2.15 points, 0.05%. But, a hi is a hi, I guess.
The Russell 2000 rose until noon, then coasted sideways. It is 2.63% under its 3/15 all time closing hi, and might still be forming a head and shoulders pattern.
The NASDAQ rose until 3:30, then slid a bit into its close. On 4/16 it came within 0.31% of a new closing high. It faltered a bit last week, but did reach a new closing hi today by [wait for it] 0.31%! Yippee.
The market was fragmented today, with each index following its own path. Volumes were low across the board. Make of it what you will.
% Changes -
Russell 2000 +1.15%
DJI30 Closings -
04/26/19 - 26543
04/24/20 - 23775
03/26/21 - 33073
04/26/21 - 33982
NYSE Internals -
A/D = 2074/1230 = 1.69
A/D Vol = 2.16
New Hi/Lo = 395/16 = 24.69
Tuesday, April 27, 2021