Monday, January 10, 2022
SP500 at the close --- 4,670.29 -6.74 (-0.14%)
DJI30 --- 36,068.87 -162.79 (-0.45%)
NASDAQ --- 14,942.83 +6.93 (+0.05%)
Russell 2000 --- 2,171.15 -8.66 (-0.40%)
The SP500 started negative, took a deep dive to 4582, the lo, off 95, before 11:00; and, coincidentally, 95 points below the critical support level. But it recovered the rest of the day, and finished with only a small loss.
The DJI opened at 36175, the hi, off 56 points. It dropped to 35640, the lo, off a stunning 592 points before 11:00. From there it also recovered, finishing with a moderate loss.
An encouraging point is that both of these indexes finished on up-ticks and volume surges.
The NASDAQ opened at 14752, off 184 points, and dropped to 14530, its lo, before 11:00. It rose the rest of the day to finish at its high for a minuscule gain.
The Russell opened flat at the day's hi, and dropped near 2133, the lo, before 11:00. After a slight rise it fell again, hitting the lo, off 45 points, before 1:00. From there it rose into the close, finishing with a moderate loss.
All the indexes followed similar paths with deep declines in the morning and strong recoveries later in the day, mostly for losses. If the upward momentum can continue tomorrow, this could be the end of the decline. But that is no sure thing, so we'll have to wait and see.
Wednesday, January 12, 2021
SP500 at the close --- 4,726.35 +13.28 (+0.28%)
DJI30 --- 36,290.32 +38.30 (+0.11%)
NASDAQ --- 15,188.39 +34.94 (+0.23%)
Russell 2000 --- 2,176.06 -17.95 (-0.82%)
The SP500 opened at 4729, up 16 points. It rose to 4749, the hi, up 36, at 10:45, and dropped to 4707, the lo, at 11:15. The rest of the day it chopped mostly sideways around 4720 and concluded with a small drop on a volume surge, ending with a small gain.
The DJI30 opened at 36336, up 84 points. It reached 36453, the hi, up 201, then fell to 36168, off 84. It chopped around the rest of the day, dropping slightly below neutral a couple more times. At the end, it slid a few points into the close on a volume surge.
The NASDAQ opened at 15263, up 110. It reached the hi, 15319, at 9:45, then dropped to the lo, 15117, between 11:00 and 11:30. The rest of the day was mostly sideways and slightly positive, ending with a slight gain.
The Russell 2000 opened at 2195, up less than a point. It reached 2210, the hi, at 10:00, then fell to, 2169, the lo, at 11:15. It spent the rest of the day in the red, and finished with a substantial loss.
The other 3 indexes were positive to small extents. The Russell is often an outlier, but represents a far greater number of issues. And even in that case, the day's hi and lo are both higher, so the span moved up, though the close was down. So this day is inconclusive. I hope.