Market review – Wed, 9th Jan’ 13: The major indexes Dow Jones, S&P 500 and NASDAQ saw a positive open and marched higher. The Dow Jones and NASDAQ kept up the momentum and trade high until noon. However, the rally at the S&P 500 started to lose the stream little early and drifted downwards. The Dow Jones and NASDAQ also joined with S&P 500 and gave up some early gains. But, those two indexes somehow recovered from sell-off and ended the day with modest gains. But, the S&P 500 still lagged and ended the day with just +0.27% gains.

Volume: The trading volume picked up pace in both NYSE and NASDAQ stock exchanges, and came in a little heavier than yesterday’s level. The heavy volume trading added some luster to the Dow Jones and NASDAQ gains, but questioned the strength of the S&P 500 gains.

Growth stocks: Leading growth stocks from our watch list showed strength from the start, and finished the day also strong. Only a handful of stocks made it to the decliners list. Our “Top 250 – Growth Stock Daily Heat Map” that ignores the trading volume, also filled with greener shade all day, indicating the buying was broad based, and not isolated to a handful of stocks.

Recap: The Dow Jones and NASDAQ showed the much-needed strength, today. It would have been nice, if the S&P 500 also traded along with them. Having said that, all three indexes at least stopped the last couple of days of receding. The S&P 500 chart looks lot healthier than the Dow Jones, though.

So, the market rally is staying put. So, just trade on side of the rally, i.e. going long.

Leading Growth Stocks up in higher volume:-

Ticker Name Price Price Change Price % Change Volume % Change
PKI – Ticker not present in the current file.
ULTI – Ticker not present in the current file.


Leading Growth Stocks down in higher volume:-

Ticker Name Price Price Change Price % Change Volume % Change
BUD – Ticker not present in the current file.
NTSP – Ticker not present in the current file.



Dow Jones – Today’s Closing value : 13,390.51 +61.66 (+0.46%) Intraday High: 13,416.55 Intraday Low: 13,329.08.
S&P 500 – Today’s Closing value :1,461.02 +3.87 (+0.27%) Intraday High: 1,464.73 Intraday Low: 1,457.15.
NASDAQ -Today’s Closing value :3,105.81 +14.00 (+0.45%) Intraday High: 3,111.22 Intraday Low: 3,096.34.
Data source: Yahoo Finance