Today on the Marketbeat: Bears battle the Bulls

Market #'s @ Close:

DOW: -72

S&P: -11

NASDAQ: -30

RUS2K: -14

TSX/S&P: +55

VIX: +5.31

Internals:

Core Sector List: 13/3

NYSE

BREADTH: 2.2/1 Neg

AD LINE: -1100

NASDAQ

BREADTH: 3.4/1 Neg

AD LINE: -1100

Today on the Marketbeat: Bears battle the Bulls 

The broad market got off too a gap of a start in todays trading session opening up @ the days highs and continued to fill the gap before noon. After which the market was in a bearish chop cycle until it broke the lows and closes near the lows. This lack of buying pressure is putting the pressure on the bulls, because after last weeks action which showed a bull buy signal on the Bullish percent index the bulls havent showed any buying power. 

Under the hood, the market was clearly bearish, with the breadth goign towards the bears most of the day and the AD lines tacking on some more losses. The trin was mostly usesless chopping around most of the day. Our sentiment is slowly changing to the bears, despite the buy signal on the Bullish %. However as always we want to let the market show us its hand and let the action show us the direction it wants to go in.