Today on the Marketbeat: Sideways till Turkey Day?

Market #'s @ Closing Bell:

DOW: +36

S&P: +5

NASDAQ: -7

RUS2K: +3

TSX/S&P: -26

VIX: -3.92

Internals:

Core Sector List: 13/3 to the Bulls

NYSE

BREADTH: 1.9/1 Pos

AD LINE: +850 ticks

NASDAQ

BREADTH: 1.5/1 Neg

AD LINE: +340

Well after yesterdays bull rally, a lot of expectations were gathered about what kinda market action we would witness today. Out of all the expectations, the one that probably was expected the least was a totally sideways chop fest from open to close. Now don't get me wrong here, a sideways choppy day is nice to see when the norm is volatility through the roof, and add to that the fact that this week is a short/holiday week, it doesn't take much to put the market in a sideways trend and volume today was less that powerful down about 10% for the day compared to yesterdays volume. 

Under the hood was a smorgasbord of Bears vs Bulls all day long as they battled for control back and forth until towards the end of the trading day when the bulls at least took control of the internals as they inched towards the highs of the day. The Breadth closed bullish on the day on the NYSE and slightly  on the NASDAQ as the put in  and  respectively. The AD LINE tacked on some modest gains on the days low volume picking up  ticks. and the trin closed just below 0.8. 

Overall the week continues to show the holiday effect as volume is light as we continue this short week. Thursday the market is closed for Thanksgiving and Friday the market resumes with a half day closing at 1pm.