The stock market indices had a tremendous rally late morning that, despite the afternoon pullback, put them solidly in the plus column today. The day started out with some backing and filling action. Actually there was an early dip on the Nasdaq 100, but the S&P 500 held up very well. Late morning when they broke through the 1424 area on the S&P 500, the S&P 500 and NDX both surged sharply, rallying in a spike-up mode, taking the NDX all the way up to 2696.46 and the S&P 500 to 1433.38. They then pulled back rather dramatically, especially on the Nasdaq 100, giving back about 20 quick points, and about 7 points on the S&P 500. They did manage to firm up a little bit into the close. Net on the day, the Dow was up 133.24 at 13,245.68, 45 points off the high. The S&P 500 was up 11.13 at 1428.39, 5 points off its high but still a good gain. The Nasdaq 100 closed up 8.14 to 2681.05, about 15 points off its high, so basically, the NDX did not perform today. Advance-declines were 21 to 9 positive on the New York Stock Exchange, and 2 to 1 positive on Nasdaq. Up/down volume was nearly 5 to 1 positive on New York, with total volume of 654 million shares. Nasdaq traded just under 1 3/4 billion and had a 3 to 2 positive volume ratio. TheTechTrader.com board was mixed but there were some really strong gainers today. Leading the way was AOL Inc. (AOL), up 7.89 to 43.70, or 22%, on 10 million shares on great earnings. Amazon.com Inc. (AMZN) was up 3.23 to 237.66, but Apple Inc. (AAPL) was down 1.77 to 582.85, and Google Inc. (GOOG) gave back 1.24 to 681.72. Other point plus gainers included Ellie Mae, Inc. (ELLI), up 1.15 to 24.10, First Solar, Inc. (FSLR) up 1.47 to 24.79, Goldman Sachs Group (GS) 2.17 to 126.25, and Patrick Industries Inc. (PATK) 1.25 to 19.34. Low-priced Novogen Limited (NVGN) jumped 1.88 to 4.12, or 75%, on 10,000% increase in volume. Office Depot, on rumors of merging with Office Max, gained 48 cents to 2.99, or 19%, on 20 million shares, while OfficeMax Incorporated (OMX) popped 89 cents to 8.33, or 12%, on 5.7 million shares. Rosetta Genomics, Ltd. (ROSG) snapped back 69 cents to 4.68, or 17%, on 3.3 million shares. Fabrinet (FN) ran up 3.05 to 12.75, or 31%. EnerNOC, Inc. (ENOC) gained 2.37 to 14.05, or 20%, on 1.6 million shares. Computer Sciences Corporation (CSC) advanced 5.34 to 36.80, or 17%, on 7.3 million shares, on strong earnings. Weight Watchers International, Inc. (WTW), on strong earnings, jumped 7.89 to 55.37, or 17%, on 3.2 million shares. Vitamin Shoppe, Inc. (VSI) ran 8.37 to 61.67, or 16%, on 1.3 million shares. Jive Software, Inc. (JIVE) closed up 1.55 to 12.75, or 14%, on 4.4 million shares. Also, Myriad Genetics Inc. (MYGN) was up 3.80 to 30.65, Pike Electric Corporation (PIKE) up 1.34 to 10.59, Alon USA Energy, Inc. (ALJ) 1.64 to 14.56, Sykes Enterprises, Incorporated (SYKE) 1.46 to 15.60, Winnebago Industries, Inc. (WGO) 1.38 to 14.37, Medifast Inc. (MED) 2.29 to 29.11, and Synaptics Inc. (SYNA) 1.67 to 25.51. On the downside, VIVUS Inc. (VVUS) was the big loser today, down 3.13 to 11.82, or 21%, on poor earnings report, and a negative report regarding reimbursement for their drug. Pharmacyclics Inc. (PCYC) got hammered even further today, down 2.25 to 49.08. Netflix, Inc. (NFLX) lost 1.87 to 76.37. The ultra-shorts got hammered with the ProShares Ultra VIX Short-Term Fut ETF (UVXY) down 2.27 to 27.00. The ProShares UltraShort Silver (ZSL) was down 264 to 45.80. Stepping back and reviewing the hourly chart patterns, the indices went back and forth in the morning forming wedges, then broke out late morning, spiked up right around noon to reach the session highs, and then pulled back in the afternoon rather dramatically, only to bounce into the close to preserve some of the gains. It was a nice day, indeed, but still, we remain below key-overhead resistance levels now at 2702 on the NDX and around the 1333-4 level on the S&P 500. Let’s see what happens after today’s election. Good Trading! Harry