DJI30 Index at the close --- 34,869.63 +261.91 (+0.76%)
The DJI opened at 34665.5, up 58 points, and chopped up to the day's hi, 34039, up 331 at 10:45. It slid to the lo, 34665, up 58, at 2:15, ran mostly sideways for most of an hour, then rose into the close with a late volume surge.
This was an inside day, with the hi lower by 165 points, and the lo higher by 66. The spread was 274 points, 231 points smaller than Friday's.
The SP500 had a similar contour, at a lower pitch, dipped into the red in the afternoon, and finished with a smaller gain, also on increased volume. Despite the small gain, it had a mixed day with the hi lower by 27 points, and the lo lower by 12.
The NASDAQ started positive and quickly dropped into the red. It meandered in a mostly negative range for the rest of the day and finished with a small loss, climbing at the end on increased vollume. But it had a clearly down day by the substantial margins of 134 points at the top and 80 at the bottom
The Russell 2000 started positive, had a brief excursion into the red, then ran positive to end with a gain of over a half percent. Like the SP500, it had a mixed day with the hi lower by 19 points, and the lo lower by 10.
It's hard to know what to make of a day like this with a lack of coordination among the indexes. They are all below their recent highs, but well above their 8/19 lows. But only the NASDAQ remains above its trend line from the 3/23/20 low. This action looks like continuing consolidation; it really is several days of going nowhere. But – is it in preparation for the next leg up, or the prelude to a significant correction?
Daily % Changes -
DJI Closings -
9/10/19 - 26909
9/10/20 - 27535
8/10/21 - 35265
9/10/21 - 34608
NYSE Internals -
A/D = 2066/1234 = 1.67
A/D Vol = 2.37
New Hi/Lo = 88/36 = 2.44