Today on the Marketbeat - ShakeandFake Markets in 2 easy steps

Market #'s @ Close:

DOW: -178

S&P: -20

NASDAQ: -35

RUS2K: -10

TSX/S&P: -264

VIX: +1.46

Internals: 

Core Sector List: 14/1

NYSE

AD LINE: -1800

BREATH: 6/1

NASDAQ

AD LINE: -1400

BREATHE: 7/1

Today on the Marketbeat - ShakeandFake Markets in 2 easy steps

Today was a classic example for anyone new to the market who would like to see a live definition of a market place on crack. The markets gaped lower and moved towards S2 into the the afternoon. Around 2pm we witnessed a massive 1h rally which lost its bid in the late hours of the trading day, with the price action moving up down and everywhere in between.

Under the hood told a better idea of what was the underlying idea today, the bears taking control back. But with a late day rally falling short we can give tomorrows outlook a somewhat still bearish overtone, especially with today being a day off bank wise.