Today on the Maketbeat:

Market #'s @ Closing Bell:

S&P: -15
DOW: -93
NASDAQ: -36
Rus2K:
TSX/S&P:
$VIX: +1.00


Internals:

Core Sector List: 15/1 Neg

- NYSE -
BREADTH: 8/1 Neg
AD LINE: -1900

- NASDAQ -
BREADTH: 6/1 Neg
AD LINE: -1575

Today on the Marketbeat: Pullbacks do happen

So as the market seemingly shrug off day after day of attempts to bring the market off its highs, Thursday price action did just that in the first 20 minutes of trading. The market lost its important level of 1100, so it should be interesting to see how the market reacts to this loss of support in Fridays action. It is also Options Expiry on Friday so that usually implicates some bullishness but that's pure speculation before Friday actually comes around

The internals were a seas of red with the Core Sector list finished @ 15/1 Negative, while the breadths finished at their lows with the AD Lines not far behind. The VIX also popped up 1 pt with the sell off.

There is no economic data lined up for tomorrow so there shouldn't be any data related market moves, just plain old ebbs and flows.

Happy Trading

Today on the Maketbeat:

Market #'s @ Closing Bell:

S&P: -0.5
DOW: -11
NASDAQ: -10
Rus2K:
TSX/S&P:
$VIX: -0.60


Internals:

Core Sector List: 10/6 Bears

- NYSE -
BREADTH: 1.2/1 Pos
AD LINE: -280

- NASDAQ -
BREADTH: 1.3/1 Neg
AD LINE: -580

Today on the Marketbeat: C is For Chop

Hello Traders ! ... Well Wednesday was alot like Tuesdays price action, slow and choppy with not much amounting out of it. The market doesn't seem to wan to let go of the gains its worked so hard to rally for in the past months as the pullbacks seem to be closer to taking short breathes in between huge rallies.

The internals were mixed, but mostly bearish.. However the VIX did lose some ground as fear continues to leave the market as the bulls keep on guarding their gains

Some more economic data comes out Thursday with none on Friday so we should see some movement off these levels, most likely to the upside into the end of the week, into Options expiry.

Today on the Maketbeat:

Market #'s @ Closing Bell:

S&P: +16
DOW: +136
NASDAQ: +30
Rus2K: +15
TSX/S&P: +99
$VIX: -0.57


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 7.4/1
AD LINE: 1850

- NASDAQ -
BREADTH: 3.5/1
AD LINE:

Today on the Marketbeat: Meredith Speaks, The Marketbeat listens

Welcome to the Marketbeat..

It's been a couple days since I last blogged the ongoing ebbs and flows of the market. I took a lil time to get my bearings and now I'm back again.

The day and week got off to a bullish start, gaping up about 9 ES futures points on the opening bell, and held that gap, bouncing higher for the most part of the day. Just another rally day? well around 3:10, Goldman Sachs, and the ES Futures began pulling back stronger than normally, and then the news hit. Meredith Whitney said that she had not been this bearish since last year, which explained why the market had lost its footing on the rally into the closing hour. It might be easier to forget looking back to when she put a jump start into the bulls engines, giving steam to this current rally not so long ago so it should be interesting to see how her words today will react on the market to come.

The internals were very strong up until the pullback, hitting levels of 16/0 on the Core Sector List, and 23/1 on the NYSE Breadth at the highs. However; after the news hit the tape the internals began to taper off as well, closing at much lower levels. Also the VIX ($VIX) was only down $0.57 today also showing that with a big rally the fear is not ready to bow out just yet.

With economic data coming out tomorrow (PPI) it will be interesting to see how those words could impact the market.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -12 (lost 1080)
DOW: -104
NASDAQ: -12
Rus2K: -6
TSX/S&P: -136
$VIX: +2.00


Internals:

Core Sector List: 13/3 Neg

- NYSE -
BREADTH: 7.2/1 Neg
AD LINE: -1600 (was up 1700)

- NASDAQ -
BREADTH: 2.3/ 1 Neg
AD LINE: -1200 (was up 1200)

Today on the Marketbeat:

Well another Manic Monday has come and gone and what an interesting day it was. The day got off to a very bullish start as stocks were bought off Fridays dip. Midway through the sessions, around lunch time on the east, the broad markets began to sell off in a big way as the SPX went from being up 10+ points to being down 10+ points in the span of an hour.

The dollar seems to be the culprit as it caught a bid and the market followed suit to hit the sell button as stocks sold off into the afternoon. The Ag stocks seemed to suffer the most as they are most associated with the $ and its movements, so as the Dollar caught a bid, the Ag's (like POT and MOS) sold off big time leading the market lower. There was a couple of signs that could of helped us see this coming as the $SPX lost 1080 today big time. The Breadth has been making lower highs as the market makes higher highs. The breadth is the big dog when it comes to market internals so noticing that the breadth was diverging from the market price shows that the volume going into this rally higher was slowing. The other sign came this morning when the only Core Sector down was the banks, even as the markets hit significant highs. What happens tomorrow will be a big sign as to how to stance ourselves in the coming days. The consumer confidence report comes out in the morning and there is many earnings still on the way so stay nimble

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: 10
DOW: 96
NASDAQ: 20
Rus2K:
TSX/S&P:
$VIX: -0


Internals:

Core Sector List: 13/3

- NYSE -
BREADTH: 2.3/1
AD LINE: 1400

- NASDAQ -
BREADTH: 2.4/1
AD LINE: 780

Today on the Marketbeat:

With the looming Black Monday so etched into traders mind for October, the trading got off to an interesting start for this week as the bulls once again stepped in to push the market to new highs again for 2009. Frustrating for us swing traders not being able to get good pullback opportunities but this has become a traders market. So what can Swing Traders do, especially option traders?

here is something that I've come up with being a swing trader. First build and maintain a solid watchlist of stocks that you are comfortable with. Maintaining this watchlist, keeping the ones that are setting up or pulling back is a key aspect of this. Creating alerts would also be a good thing to do to keep the emotional aspects away from your trading. Once the alert goes off, and assuming the market is in accordance with the trade, all you have to do is pull the trigger. Also in times like this were we have to be on point with our options trades, keeping an eye out for cheaper stocks with cheaper options would also be good because if your initial analysis isn't correct than your taking less of a loss than on a expensive stock with alot of implied volatility.

The last thing to do is to keep your head in the game, if the market isn't setting up for you, don't lose your head over it, go enjoy the fall foliage; play some sports or just enjoy a good movie...One of the worst things I've engaged myself is sitting in front of the screen and dwelling on a play that might be moving that I probably would of never taken in the first place, it just ruins your chances of finding and acting on another good trade.

The market is fast approaching the 50% fibo retracement from the lows to the highs from the recession so stay nimble.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +4.5
DOW: +46
NASDAQ: +1
Rus2K: -1
TSX/S&P: -27
$VIX: -1.27


Internals:

Core Sector List: 9/7 Bulls

- NYSE -
BREADTH: 1.1/1
AD LINE: +8

- NASDAQ -
BREADTH: 1.5/1 Neg
AD LINE: -330

Today on the Marketbeat:

Another day another dollar on the equity markets. Earnings on GS were slightly shrugged off today as the markets chopped around for the most part of the session. The markets did rally off the lows into the close, hitting new highs for the year once more, however - this new high came with different stipulations than the last couple of sessions. The internals were nothing but flying positive today, actually they came in barely to the bulls. Looking towards Fridays action, being options expiry, the markets are hitting new highs but could easily see a solid sell off over the weekend / Monday morning.

As usual we aren't ones to fight the trend, but if we spot the markets tapering off into the afternoon tomorrow we may look to initiate some short positions (short or puts) on the SPY or DIA to possibly take advantage of the post expiration blues. This is of course assuming the markets seem weary into the afternoon tomorrow. There are still many big names to release earnings soon so anything can happen to stay nimble...

Happy Trading