Today on the Marketbeat: The quiet before the storm...

Market Numbers @ Close:

DOW: -5

S&P: +1.75

NASDAQ: +10

RUS2K: +2.3

TSX/S&P: -19

VIX: -6.26

Internals:

Core Sector List: 10/6 to the bulls

NYSE

TRIN: 1.32

BREADTH: 1/1 Parody 

A/D LINE: +400

NASDAQ

TRIN: 1.19

BREADTH: 1.1/1

A/D LINE: +330

Today on the Marketbeat: The quiet before the storm...

Unless you have been living under a rock for the past year, you know that tomorrow night we will usher in a new president of the United States. Gone will be Bush and in will be either McCain or Obama. Today's lack of market direction really lends itself to the fact we have a presidential election coming soon, in that many investors and personal traders probablly didnt want to commit too much to either side before the news hit the fan sometime tomorrow night. When you hear the saying "let the market show you its hand" this is the type of scenario where you want to let the news show the market where it will play its hand, and then have some setups for both possibilities and once the market shows its hand, you ride it either way. Days like today are very huge in terms of diversification and risk management. Getting long or short in front of a presidential election is asking for some sort of trouble, most likely of the financial and stressful kind. Simply put the market showed didnt lend itself to either direction so a wise thing would be to do the same. Watch and enjoy the show, and be ready to jump in.