Monday, December 29, 2008

Today on the Marketbeat: Post Turkey Trading

Market #'s @ Closing Bell:

Market #'s @ Closing Bell:


S&P: -6
DOW: -31
NASDAQ: -23
RUS2K: -6
TSX/S&P: +292
VIX: +1.09


Internals:

Core Sector List: 13/3 to the Bears

NYSE
BREADTH: 2.5/1 Neg
AD LINE: -750 ticks

NASDAQ
BREADTH: 2.8/1
AD LINE: -600 ticks

Today on the Marketbeat:


Well the first full trading day post holiday turkey has come and gone and what a volitile session it was. Crude oil and auto bailouts ruled the days headlines as GM & Chrysler recieved $4 Billion dollars from the Fed respecitivly today. Another headline was crude oil making some headway to the upside today after hittin multi year lows earlier this month. Overall the day was quiet and very much contained on the broad exchanges. My guess is that this week will take some time to build up, but the real trading should come back after the New Year comes in.

The Internals read basic numbers with the breadth coming in aroudn 2/1 on the NYSE and NASDAQ. They also tacked on respectful loses on the AD LINES.

No comments: