Today on the Marketbeat: Just another manic Monday....

Market #'s @ Close:

DOW: -223

S&P: -22

NASDAQ: -30

RUS2K:

TSX/S&P:

VIX: +2.79

Internals:

Core Sector List: 15/1, utilities only sector up.

NYSE

BREADTH: 5/1 Neg

AD LINE: -1600

NASDAQ

BREADTH: 4/1 Neg

AD LINE: -1000

Today on the Marketbeat: Just another Manic Monday...

Today the market continued the downward slump that we ended the week with last week. We picked up where we ended, and ended where we picked off as once again the market sold off hard into today's close giving up any modest loss it had up till 3:45pm. Although the overall sentiment today was bearish, it didn't stop the bulls from trying to push up, only to be squashed by the Pivot line resistance. The market managed to hold the lows as the bears put in a final attack holding and closing at the lows. 

Under the hood, the internals continue to be the savour for swing/day traders as they continue to be the next to best indicator, second to price action. The AD Line held up until 1pm when it began to drop off steadily, closing the day at minus 1500 ticks on the NYSE (-1000 on the NASDAQ). The Breadth came in at 5/1 negative on the NYSE and 4/1 negative on the NASDAQ, while the Trin closed the say at its highs around 1.5.