Market #'s @ Closing Bell:
S&P: -19
DOW: -220
NASDAQ: -27
RUS2K: -8
TSX/S&P: -400
VIX: -1.67
Internals:
Core Sector List: 12/4 to the bears
NYSE
Breadth: 3/1 Neg
Ad Line: -500
NASDAQ
Breadth: 3.2/1 Neg
Ad Line: -680
Today on the Marketbeat: Holding the weeks lows
Well after 3 days of modest strength, the market pulled back to Tuesday's lows in today's intra day action. The Market broke lower early and the trend stayed that way, but it held the 880 line on the ES. We finished the day down about 2% on the major indices.
Under the hood, the internals were all int he red as the bears pushed prices lower today. The Breadth finished the day at its lows @ on the NYSE and on the NASDAQ. The Ad Lines tacked on modest losses as they also finished near the lows of the day, down - ticks on the NYSE and - on the NASDAQ respectively.
As the holidays approach, we as active traders should take some time and review our year, see what worked, see what didn't, Look over your game plan for 08, and work on the new trading plan for 09.
Next week, I'm going to focus solely on Inner game, and market recap #'s, For I feel for myself and others like me, that time spent on our Trading Plans, and strategies is time well spent.
From the Pen of Daiz'on End


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