Today on the Marketbeat - Pre-Turkey day rally, hold the stuffing.

Market #'s @ Closing Bell:

DOW: +246

S&P: +30

NASDAQ: +67

RUS2K: +21

TSX/S&P: +160

VIX: -5.55

Internals:

Core Sector List: 16/0 to the Bulls

NYSE

AD LINE: +2100 ticks

BREADTH: 9/1 Pos

NASDAQ

AD LINE: +1676 ticks

BREADTH: 15/1 Pos

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Today on the Marketbeat - Pre-Turkey day rally on less than stellar #'s, oh and hold the stuffing. 

Today the market opened with a solid 20 point ES gap, which filled around 11am. The market continued to push higher on bullish internals, with the TICK and BREADTH giving the thumbs up for the bullish sentiment. The Market ripped to new highs for the week as we took out R1 on the ES and YM with relative ease. We came close to pegging the R2 pivot on the day, on lower volume which can be expected on a holiday shortened week. Into the close we saw the market close at the days highs, as traders get ready for a feast and we see a 4th days in a row to the upside. 

S&P +17% in four days, DOW up 15% in four days

Under the hood the internals were biased to the Bulls today as the BREADTH, AD LINE and the TICK all read Bullish sentiment today as price action confirmed it. The Ad Line closed picking up about 2000 ticks on the day, and the Breadth closed a nice / for the bulls. The Core sector list rounded up the internals closing at 16/0 to the Bulls. As we go into Turkey day with some bullish bounce.

So until Friday Have a great holiday, and remember give thanks for the blessings we have.

Daiz'on End 

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. 

Today on the Marketbeat - Citi gets $, Obama discloses plan & team

Market #'s @ Closing bell:

DOW: +362

S&P: +48

NASDAQ: +82

RUS2K: +32

TSX/S&P: +413

VIX: -10.43

INTERNALS:

Core Sector List: 15/1 - Bulls

NYSE

AD LINE: +2350

BREADTH: 12/1

NASDAQ

AD LINE: +2000

BREADTH: 16/1

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Today on the Marketbeat - Citi gets $, Obama discloses plan.

Well if your a bull, a day like today would make you smirk. Now we've seen more than a hand full of big bear market rallies, that looked promising, but only sliced through our hopes like the support it went through the next day. Today's price action has a nicer tune to it. Now whether this is the bottom or not, is not really my center of focus, what is however is the fact that the markets broke the downtrend line today. If we can see the market hold a 50% retracement of today's price action, or even better an extension on the rally, it could spell some problems for the short selling bears. 

Under the hood, the story was a bit of the same, bullish everywhere but on the VIX. The Breadth put in some good numbers closing in around  / to the bulls, as the AD LINE tacked on some gains for a change up over 2000 ticks on the NYSE, and up  on the NASDAQ. The Trin looked gorgeous making lower lows all day along wit the bullish trend, and finally the tick spent a majority of the day above 0, giving traders the idea to stay long, since its the way of least resistance. 

The trend of late day rallies/breakdowns continued today as was the fad the last couple of weeks. The market picked up a big size of its gains on the opening and in the last hour of trading. The S&P moved 20 ES future points in the last hour, and ripped down those 20 points, for a pick pocket move, moving back up, as the last hour continues to be the most volatile hour in trading.