The Dow Jones Industrial Average ($DJI) ended the day on Tuesday with a loss of 33.07 points, or 0.26%, and closed at 12,675.75. A third of the Dow's thirty index components posted a gain. The strongest performers were United Technologies (UTX) (+1.20%), IBM (IBM) (+1.03%), and WalMart (WMT) (+0.79%). The losers were Travelers (TRV) (-3.80%), McDonald's (MCD) (-2.18%), and Verizon (VZ) (-1.59%).
The S&P 500 ($SPX) finished the session with a loss of 1.35 points, or 0.1%, and closed at 1,314.65. The top performing industry groups were consumer discretionary (+0.04%), health care (+0.1%), and technology (+0.1%), while the weakest were the financials (-0.2%), energy (-0.3%), and consumer staples (-0.4%). The top individual percentage performers were Waters Corp. (WAT) (+7.97%), Quest Diagnostics (DGX) (+7.49%), and EMC Corp. (EMC) (+7.25%). The top decliners were Zions Bancorporation (-7.55%), Cablevision Sys. Corp. (CVC) (-4.13%), and Travelers (TRV) (-3.80%).
The Nasdaq Composite ($COMPX) ended the session higher by 2.47 points, or 0.09%, on Tuesday and it closed at 2,786.64. The strongest performers in the Nasdaq-100 ($NDX) were Green Mountain Coffee (GMCR) (+4.44%), Autodesk (ADSK) (+3.32%), and Life Technologies (LIFE) (+3.09%). The weakest were Research In Motion (RIMM) (-3.53%), Sears Holdings (SHLD) (-3.40%), and Warner Chilcott (WCRX) (-3.23%).
Nasdaq Composite (Figure 3)
Unless otherwise stated, the index action described in this article relates to the E-mini futures contracts for the respective indices. Actual index action may differ slightly in terms of pattern formation, although the market bias will remain the same.
Toni Hansen is president and co-founder of the Bastiat Group Inc., DBA Trading From Main Street. Toni is one of the most respected technical analysts and traders in the industry. She has been trading and educating new traders, money managers, professional market analysts and traders throughout the boom and bust of the last decade. She has worked in conjunction with some of the world's top financial exchanges. Learn more about Toni Hansen and the educational services she provides through her website at http://www.tonihansen.com.