Today on the Marketbeat: Fed's make way for rally

Market #'s @ Closing Bell:

S&P: +44.5

DOW: +360

NASDAQ: +81

RUS2K: 

TSX/S&P: 

VIX: -4.30

Internals:

Core Sector List: 16/0

NYSE

BREADTH: 17/1 Positive

AD LINE: 2100

NASDAQ

BREADTH: 14/1 Positive

AD LINE: 1600

Today on the Marketbeat: Fed's make way for rally

One look at today's rally and one thing becomes quickly evident. The rally was 100% sparked by the FOMC meeting. from which the FOMC Minutes came out around 2pm EST. One glance at the intraday chart and one would easily see the proof for this being the market was a sideways mess up until 2pm est. Once the Fed minutes came out the market exploded higher and didn't let up until the closing bell. What interested me most was the volume, prior to the announcement themarket was flat, to the very meaning of the word. The market hadn't moved much and volume was near to non-existent. After the news the market moved higher, as did the volume. Another important note is that we held 909 on the ES and closed near 918, which are the points of resistance before the major markets can start to even think about moving higher. 

Under the hood, the internals would of been a savior to anyone brave enough to step into the market today. Personally I don't like intraday trading on days like today because their is usually a lot of volatility and I prefer to watch what happens and react to that. But If one was in the market today, using the internals would of kept them afloat. All of the internals (Breadth, AD Line, Trin, Tick) were stagnant with the market, until they started peaking up around 2pm with the market. Keeping a keen eye on the internals while managing plays is the best way to keep your money in your pockets.