Technical Analysis


Nasdaq up 0.76%

The US stocks are ending the day with gains but there was a bit into the close.

  • The S&P is ending up 15.51 pointsor 0.54% at 2904.31. The high reached 2911.17. The low extended to 2890.43
  • The Nasdaq rose 60.314 points or 0.76% at 7956.10. The high was 30 points higher at 7986.09. The low reached 7901.01
  • The Dow rose 184.84 points or 0.71% at 26246.96. The high extended to 26317 (71 points higher). The low extended to 26076.

Some of the winners included:

  • Netflix +4.94%
  • micron, +4.02%
  • Boeing, +2.14%
  • Caterpillar, +1.97%
  • Amazon, +1.73%
  • Intel, +1.50%
  • Home Depot, +1.26%
  • twitter, +1.25%
  • Gilead, +1.22%

The biggest winner was Tilray, a Canadian marijuana company which surged 28.95% to $154.98.  

The company announced approval from the Drug Enforcement Administration to import marijuana to the United States for medical research.  

I guess there is not a lot of marijuana grown in the US.    

If Navarro and Ross and co. catch wind of it, they are likely to slap a 25% tariff on that import.   

Losers today included:

  • Athenahealth, -5.47%
  • Tesla, -3.35%. Trouble for Musk with the SEC
  • AMD, -1.54%
  • Office Depot, -1.48%
  • Alababa, -1.44%
  • PepsiCo, -1.23%
  • Coca-Cola, -0.4%
  • Nvidia, -1.06%
  • McDonald’s, -0.23%

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