Wednesday, December 16, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: +1
DOW: -10
NASDAQ: +5
Rus2K: +4
TSX/S&P: +112
$VIX: -0.45


Internals:

Core Sector List: 10/6 Bulls

- NYSE -
BREADTH: 1.2/1
AD LINE: +880

- NASDAQ -
BREADTH: 2/1
AD LINE: +440

Today on the Marketbeat: FOMC Monster Truck

Well another FOMC day has come and gone with not too much to show from it. The market opened the day with a gap up and a push higher, however the rally did take a pause and fall after the FOMC minutes. The Market has been floundering around the 50% area of the Oct 07 highs and the March lows for quite some time now, not being able to lift higher or fall lower without some big piece of news or market moving information.

The internals today were bullish but towards the end of the day lost alot of its strength as the market sold off. After losing the resistance pivots the market did hold onto some gains, 1 pt on the S&P but fell on the Dow. The Core sector list closed the day 11 to 5 to the bulls and the breadths closed the day barely in the green.

Research in Motion (RIMM) is set to release earnings tomorrow after the bell and FSLR are holding a meeting tonight to discuss the forecast of 2010. These are 2 potential movers for the end of the week, and in a market this iffy, these both could shift the market one way or another so stay nimble.

Happy Trading
From the pen of at No comments:

Monday, December 14, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: +7.5
DOW: +29
NASDAQ: +21
Rus2K:
TSX/S&P:
$VIX: -0.50


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 2.1/1
AD LINE: 1400

- NASDAQ -
BREADTH: 3.5/1
AD LINE: 600

Today on the Marketbeat: Another day another dollar...

Another Monday morning gap opened this week this morning, however the gap filled around 11am. That wasn't the end of the bulls though, as they pushed higher into the afternoon but failed to do much more than gap there after. Gold was up but not up to its high flying ways like from weeks before. It seems like the market is ready for Christmas vacation but with alot of earnings announcements this week that is highly unlikely.

The internals were all in the green today as the bulls led the market internals today with the breadth and ad lines closing near the highs and the core sector list pegging the day at 16 to 0 to the bulls..

Earning's of note tomorrow are Best Buy (BBY) and this week RIMM will be releasing their quarterlies on Thursday...

Happy Trading

From the pen of at No comments:

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: +7.5
DOW: +29
NASDAQ: +21
Rus2K:
TSX/S&P:
$VIX: -0.50


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 2.1/1
AD LINE: 1400

- NASDAQ -
BREADTH: 3.5/1
AD LINE: 600

Today on the Marketbeat: Another day another dollar...

Another Monday morning gap opened this week this morning, however the gap filled around 11am. That wasn't the end of the bulls though, as they pushed higher into the afternoon but failed to do much more than gap there after. Gold was up but not up to its high flying ways like from weeks before. It seems like the market is ready for Christmas vacation but with alot of earnings announcements this week that is highly unlikely.

The internals were all in the green today as the bulls led the market internals today with the breadth and ad lines closing near the highs and the core sector list pegging the day at 16 to 0 to the bulls..

Earning's of note tomorrow are Best Buy (BBY) and this week RIMM will be releasing their quarterlies on Thursday...

Happy Trading

From the pen of at No comments:

Thursday, December 10, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: +6
DOW: +68
NASDAQ: +7
Rus2K:
TSX/S&P:
$VIX: +0.20


Internals:

Core Sector List: 10/6 Pos

- NYSE -
BREADTH: 1.8/1 Pos
AD LINE: +560

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: +60

Today on the Marketbeat: Are the Bulls back in town?

Well Thursday opened and closed in a very close range to each other as the Market gaped up on the opening bell and remained in that area. The Bulls did hold the levels, but they did not build off the gap too much through-out the day. The internals helped out as they gave us a good idea of what was going on once again, Gold was up but didn't build too much off the levels.

Once again tech did help the market today as RIMM and AMZN were up again breaking to highs again. RIMM still building off the news that China will carry their Blackberry phones. The levels are still in a wedge pattern with both sides showing their case but neither coming out with anything other than a 1 - 2 day trend.

The week comes to a close tomorrow, and it should be another bland session unless something hits the tape to change that... if institutional investors chose to get a head way on a direction before the weekend I would be surprised but it has happened before.

Happy Trading

From the pen of at No comments:

Wednesday, December 9, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: +4
DOW: +51
NASDAQ: +10
Rus2K:
TSX/S&P:
$VIX: -0.93


Internals:

Core Sector List: 12/4 Pos

- NYSE -
BREADTH: 1.2/1 Pos
AD LINE: +300

- NASDAQ -
BREADTH: 1.8/1 Pos
AD LINE: +11

Today on the Marketbeat: Snow Storms and Choppy markets

Wednesday looked like the bears were finally getting a grasp on those pesky bulls, however, the leadership of tech today led the way higher as the bulls came back and put the market higher towards the end of the session. RIMM + AAPL + GS were the leaders today, as the afternoon proved to be to the bulls as they closed the day near the highs after hitting 1096 on the ES (off the lows of 1086).

The internals were down and then up as the breadth screamed higher as the tech heavy NASDAQ chugged upwards while the ES was still holding the S1 pivot tot he downside. As a result of all these buy programs hitting the market rose of the lows and closed higher.

So this leaves us about exactly where we have been sitting for the past 3 weeks in that area of 1100 to 1080 on the ES as we continue to channel between those highs and lows waiting for this holding pattern to shoot out either way, and considering that the holidays are right around the corner one could say that we might continue this sideways holding pattern until January.

Here are some unusual options:

DRQ - jan 60 calls / MOT - jan 7.5 puts / TSO: Jan 12.5 / BRCD: dec 8 calls / lulu: 25 puts

Happy Trading

From the pen of at No comments:

Tuesday, December 8, 2009

Today on the Marketbeat:





Market #'s @ Closing Bell:

S&P: -11
DOW: -104
NASDAQ: -16.5
Rus2K: -
TSX/S&P: -
$VIX: +1.40


Internals:

Core Sector List: 14/2 Negative, Gold Down 32pts

- NYSE -
BREADTH: 5/1 Neg
AD LINE: -1160

- NASDAQ -
BREADTH: 1.6/1 Neg
AD LINE: -970

Today on the Marketbeat:

A bearish morning, a choppy afternoon

Today the opening bell was to the downside and the market didn't gain too much ground off that throughout the day. The high point brought the market up to 1097 on the ES futures but failed to fill the mornings opening bell gap and closed the day near pegging the lows. The internals were primarily bearish for the most part of the day, closing the day near their lows with the NYSE Breadth leading the way to the downside (5/1 Neg) while the $VIX pushed up over 1.42 pts.

With a primarily bearish day, we still are sitting in that area of 1100 to 1080 on the ES, which translates to the market still being in the 'showing its hand' area. This means that while the intra-day levels are quite trade able the swing levels are still in quite the holding pattern. The market has pushed up quite alot, and the strength of the bulls should not be fought against, however, with such a bullish rally in the last 8 months the question could be asked how much gas do the bulls have?

All these questions will most likely be answered in the near future, until then trade well and have fun

Happy Trading


From the pen of at No comments:

Monday, December 7, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: -2.5
DOW: +1
NASDAQ: -5
Rus2K: -0.23
TSX/S&P: -16
$VIX: +0.94


Internals:

Core Sector List: 11/5 Negative

- NYSE -
BREADTH: 1.3/1 Neg
AD LINE: +280

- NASDAQ -
BREADTH: 1/1
AD LINE: +55

Today on the Marketbeat: 'Some Chop with that?

Monday, December 7th was a bit of a lack luster start to the week, after seeing many gap opens in the past couple of weeks. The market was range bound for most of the session, moving between 1104 and 1110 on the ES. Around 2:30pm the ES broke to the downside, hitting new lows for the day hovering around those levels untilt he final minutes when it mustered up some bullish candles, mostly likely due to short covering.

The internals were a mixed bag today, with it showing the holiday spirit with red and green all over the place. To put it simple, the market is a traders market until it shows its hand to the upside or downside.

The is no economic data slated for release tomorrow so we could be in for another choppy day unless something hits the tape to move the market.

Happy Trading



From the pen of at No comments:

Wednesday, December 2, 2009

Today on the Maketbeat:





Market #'s @ Closing Bell:

S&P: +.5
DOW: -18
NASDAQ: +9
Rus2K:
TSX/S&P:
$VIX: -0.8


Internals:

Core Sector List: 10/6 Pos

- NYSE -
BREADTH: 1.1/1
AD LINE: +930

- NASDAQ -
BREADTH: 2/1
AD LINE: +630

Today on the Marketbeat: Bulls in Bears Clothing?

The market was not following up on yesterdays bullish charge, Wednesday saw some of that 2009 chop action. However, even though the bulls ruled the interneals across the board, the market was not on a bullish tear today. For the most part of Wednesday, the market was chopping from up a bit to down a bit and it was a bit confusing seeing how the internals were mostly in the green.

The price levels are very closely nearing the 50% retracement levels from the highs of Oct 08 to the lows of March 09. The exact level is 1120 on the $SPX, and after coming so high so quick, could we be in for a pullback going into the New Year? The bulls have been having some issues pushing and holding higher highs at the current level. This could be a precursor to a pullback to more manageable levels in the near term. However, this is in no way meant to count the bulls out. They have made huge strides against the back of the recession in the past 8 months and one thing we have learned is you don't fight the tide.

Tomorrow could be a tell-tale day in what direction the market wishes to take in the near term. Until we know with conviction, trade nimble

Happy Trading
From the pen of at No comments:

Monday, November 30, 2009

Today on the Maketbeat:




Market #'s @ Closing Bell:

S&P: +4
DOW: +35
NASDAQ: +6
Rus2K: +
TSX/S&P:
$VIX: -0.30


Internals:

Core Sector List: 13/3 Pos

- NYSE -
BREADTH: 1.4
AD LINE: +460

- NASDAQ -
BREADTH: 1.3
AD LINE: +60

Today on the Marketbeat: A November to Remember

Well with the closing bell today rang the end of November 2009. With that we enter the final month of 2009, and close out one of the wackiest years in market action that I can remember.

The Market got off to somewhat of a bullish start, but moved off the highs and fell to the days lows by lunch. The market chopped and then moved up off the lows after this, almost pegging the highs by the closing bell, then moving off them once more. The market seems to have lost a bit of its bullish steam, but todays move off the lows shows that the bulls are far from gone for the holidays yet.

The internals were at parody for the most part of the day and closed at the highs, it should be noted that the final push to higher levels today were fueled by news from Dubai. If this news didnt hit the tape the market looked like it could of just coasted into the closing bell doing its chop fest impression

From the looks of the 3mth chart of the $SPX it seems that 1080 to 1100 would be the important level to keep our eyes on in the coming weeks, if either side is broken it could spell the next move up or down

Happy Trading

From the pen of at No comments:

Monday, November 23, 2009

Today on the Maketbeat:





Market #'s @ Closing Bell:

S&P: +15
DOW: +132
NASDAQ: +30
Rus2K: +8
TSX/S&P: +24
$VIX: -0.99


Internals:

Core Sector List: 15/1 Pos

- NYSE -
BREADTH: 4.6/1
AD LINE: 1660

- NASDAQ -
BREADTH: 3/1
AD LINE: 900

Today on the Marketbeat: Morning gaps, Afternoon drifts

The week got off to another bullish start, gaping up a sizable amount once again. With a plus 10pt gap up the market did move off these highs hitting a high of 1111.5 but in the afternoon the market moved lower for the rest of the day, chopping around in the last 45 minutes. This gives us a move off of last weeks lows but leaves the market with a close off the highs.

The internals were flying in the morning hitting levels of 30 to 1 on the NYSE Breadth in the early hours, however they tapered off the highs significantly into the close, closing at 4.6/1 and 3/1 on the NYSE and NASDAQ respectivly. The core sector list closed at 15/1 for the bulls.

Todays trading action shows us the bulls are still in the game, but they are definatly not showing the full force that they once had, this is shown on a daily chart where the close is decently off the highs. It should be interesting to see how this short week concludes.


Happy Trading
From the pen of at No comments:

Thursday, November 19, 2009

Today on the Maketbeat:






Market #'s @ Closing Bell:

S&P: -15
DOW: -93
NASDAQ: -36
Rus2K:
TSX/S&P:
$VIX: +1.00


Internals:

Core Sector List: 15/1 Neg

- NYSE -
BREADTH: 8/1 Neg
AD LINE: -1900

- NASDAQ -
BREADTH: 6/1 Neg
AD LINE: -1575

Today on the Marketbeat: Pullbacks do happen

So as the market seemingly shrug off day after day of attempts to bring the market off its highs, Thursday price action did just that in the first 20 minutes of trading. The market lost its important level of 1100, so it should be interesting to see how the market reacts to this loss of support in Fridays action. It is also Options Expiry on Friday so that usually implicates some bullishness but that's pure speculation before Friday actually comes around

The internals were a seas of red with the Core Sector list finished @ 15/1 Negative, while the breadths finished at their lows with the AD Lines not far behind. The VIX also popped up 1 pt with the sell off.

There is no economic data lined up for tomorrow so there shouldn't be any data related market moves, just plain old ebbs and flows.

Happy Trading
From the pen of at No comments:

Wednesday, November 18, 2009

Today on the Maketbeat:





Market #'s @ Closing Bell:

S&P: -0.5
DOW: -11
NASDAQ: -10
Rus2K:
TSX/S&P:
$VIX: -0.60


Internals:

Core Sector List: 10/6 Bears

- NYSE -
BREADTH: 1.2/1 Pos
AD LINE: -280

- NASDAQ -
BREADTH: 1.3/1 Neg
AD LINE: -580

Today on the Marketbeat: C is For Chop

Hello Traders ! ... Well Wednesday was alot like Tuesdays price action, slow and choppy with not much amounting out of it. The market doesn't seem to wan to let go of the gains its worked so hard to rally for in the past months as the pullbacks seem to be closer to taking short breathes in between huge rallies.

The internals were mixed, but mostly bearish.. However the VIX did lose some ground as fear continues to leave the market as the bulls keep on guarding their gains

Some more economic data comes out Thursday with none on Friday so we should see some movement off these levels, most likely to the upside into the end of the week, into Options expiry.
From the pen of at No comments:

Monday, November 16, 2009

Today on the Maketbeat:



Market #'s @ Closing Bell:

S&P: +16
DOW: +136
NASDAQ: +30
Rus2K: +15
TSX/S&P: +99
$VIX: -0.57


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 7.4/1
AD LINE: 1850

- NASDAQ -
BREADTH: 3.5/1
AD LINE:

Today on the Marketbeat: Meredith Speaks, The Marketbeat listens

Welcome to the Marketbeat..

It's been a couple days since I last blogged the ongoing ebbs and flows of the market. I took a lil time to get my bearings and now I'm back again.

The day and week got off to a bullish start, gaping up about 9 ES futures points on the opening bell, and held that gap, bouncing higher for the most part of the day. Just another rally day? well around 3:10, Goldman Sachs, and the ES Futures began pulling back stronger than normally, and then the news hit. Meredith Whitney said that she had not been this bearish since last year, which explained why the market had lost its footing on the rally into the closing hour. It might be easier to forget looking back to when she put a jump start into the bulls engines, giving steam to this current rally not so long ago so it should be interesting to see how her words today will react on the market to come.

The internals were very strong up until the pullback, hitting levels of 16/0 on the Core Sector List, and 23/1 on the NYSE Breadth at the highs. However; after the news hit the tape the internals began to taper off as well, closing at much lower levels. Also the VIX ($VIX) was only down $0.57 today also showing that with a big rally the fear is not ready to bow out just yet.

With economic data coming out tomorrow (PPI) it will be interesting to see how those words could impact the market.

Happy Trading
From the pen of at No comments:

Monday, October 26, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: -12 (lost 1080)
DOW: -104
NASDAQ: -12
Rus2K: -6
TSX/S&P: -136
$VIX: +2.00


Internals:

Core Sector List: 13/3 Neg

- NYSE -
BREADTH: 7.2/1 Neg
AD LINE: -1600 (was up 1700)

- NASDAQ -
BREADTH: 2.3/ 1 Neg
AD LINE: -1200 (was up 1200)

Today on the Marketbeat:

Well another Manic Monday has come and gone and what an interesting day it was. The day got off to a very bullish start as stocks were bought off Fridays dip. Midway through the sessions, around lunch time on the east, the broad markets began to sell off in a big way as the SPX went from being up 10+ points to being down 10+ points in the span of an hour.

The dollar seems to be the culprit as it caught a bid and the market followed suit to hit the sell button as stocks sold off into the afternoon. The Ag stocks seemed to suffer the most as they are most associated with the $ and its movements, so as the Dollar caught a bid, the Ag's (like POT and MOS) sold off big time leading the market lower. There was a couple of signs that could of helped us see this coming as the $SPX lost 1080 today big time. The Breadth has been making lower highs as the market makes higher highs. The breadth is the big dog when it comes to market internals so noticing that the breadth was diverging from the market price shows that the volume going into this rally higher was slowing. The other sign came this morning when the only Core Sector down was the banks, even as the markets hit significant highs. What happens tomorrow will be a big sign as to how to stance ourselves in the coming days. The consumer confidence report comes out in the morning and there is many earnings still on the way so stay nimble

Happy Trading
From the pen of at No comments:

Monday, October 19, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: 10
DOW: 96
NASDAQ: 20
Rus2K:
TSX/S&P:
$VIX: -0


Internals:

Core Sector List: 13/3

- NYSE -
BREADTH: 2.3/1
AD LINE: 1400

- NASDAQ -
BREADTH: 2.4/1
AD LINE: 780

Today on the Marketbeat:

With the looming Black Monday so etched into traders mind for October, the trading got off to an interesting start for this week as the bulls once again stepped in to push the market to new highs again for 2009. Frustrating for us swing traders not being able to get good pullback opportunities but this has become a traders market. So what can Swing Traders do, especially option traders?

here is something that I've come up with being a swing trader. First build and maintain a solid watchlist of stocks that you are comfortable with. Maintaining this watchlist, keeping the ones that are setting up or pulling back is a key aspect of this. Creating alerts would also be a good thing to do to keep the emotional aspects away from your trading. Once the alert goes off, and assuming the market is in accordance with the trade, all you have to do is pull the trigger. Also in times like this were we have to be on point with our options trades, keeping an eye out for cheaper stocks with cheaper options would also be good because if your initial analysis isn't correct than your taking less of a loss than on a expensive stock with alot of implied volatility.

The last thing to do is to keep your head in the game, if the market isn't setting up for you, don't lose your head over it, go enjoy the fall foliage; play some sports or just enjoy a good movie...One of the worst things I've engaged myself is sitting in front of the screen and dwelling on a play that might be moving that I probably would of never taken in the first place, it just ruins your chances of finding and acting on another good trade.

The market is fast approaching the 50% fibo retracement from the lows to the highs from the recession so stay nimble.

Happy Trading

From the pen of at No comments:

Thursday, October 15, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: +4.5
DOW: +46
NASDAQ: +1
Rus2K: -1
TSX/S&P: -27
$VIX: -1.27


Internals:

Core Sector List: 9/7 Bulls

- NYSE -
BREADTH: 1.1/1
AD LINE: +8

- NASDAQ -
BREADTH: 1.5/1 Neg
AD LINE: -330

Today on the Marketbeat:

Another day another dollar on the equity markets. Earnings on GS were slightly shrugged off today as the markets chopped around for the most part of the session. The markets did rally off the lows into the close, hitting new highs for the year once more, however - this new high came with different stipulations than the last couple of sessions. The internals were nothing but flying positive today, actually they came in barely to the bulls. Looking towards Fridays action, being options expiry, the markets are hitting new highs but could easily see a solid sell off over the weekend / Monday morning.

As usual we aren't ones to fight the trend, but if we spot the markets tapering off into the afternoon tomorrow we may look to initiate some short positions (short or puts) on the SPY or DIA to possibly take advantage of the post expiration blues. This is of course assuming the markets seem weary into the afternoon tomorrow. There are still many big names to release earnings soon so anything can happen to stay nimble...

Happy Trading

From the pen of at No comments:

Wednesday, October 14, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: +19
DOW: +144
NASDAQ: +32
Rus2K: +
TSX/S&P: +
$VIX: -0.12


Internals:

Core Sector List: 15/1 (Gold Down)

- NYSE -
BREADTH: 6.9/1
AD LINE: 1500

- NASDAQ -
BREADTH: 5/1
AD LINE: 1350

Today on the Marketbeat:

Wow, I guess the earnings season is off to a bang as Intel delivered good earnings as well as JP Morgan. This sent the market soaring in the early hours, and into the after noon pegging new highs for 09 once again. There is still alot of heavy earnings players to come out this week that could definitely send the market either way so stay nimble. The market was mostly bullish minus gold today and even with the huge rally the Vix was only down about 12 cents so keep an eye on your longs and get ready for the next leg of earnings season..

Happy Trading
From the pen of at No comments:

Tuesday, October 13, 2009

Today on the Marketbeat: Post #201





Market #'s @ Closing Bell:

S&P: -3
DOW: -15
NASDAQ: +1
Rus2K: -3
TSX/S&P: -14
$VIX: -0.07


Internals:

Core Sector List: 10/6 Bears

- NYSE -
BREADTH: 1.4-1 Neg
AD LINE: -400

- NASDAQ -
BREADTH: 1.5/1 Pos
AD LINE: -250

Today on the Marketbeat:

Wow I guess I was so full of turkey yesterday that I failed to notice that it was my 200th post, Epic. So after the lack luster Columbus/Thanksgiving day performance across the board investors were looking for Tuesday's action to give a better idea of what could be in store, however since there is so much earnings activity coming out Tonight through Friday, I suppose that the maxim of letting the market show its hand is in full swing. The markets were down for the most part of Tuesday's intra-day action, but the bulls did battle them back in the afternoon bringing the price close to break even on the close. The internals once again were the key to staying above the emotions as they were mostly in the red from the opening bell. The core sector list was the best place to start as it was ruled by the bears for the whole day, closing the day 10/6 to the bears. The Breadths closed mixed, with the NYSE in the red and the NASDAQ in the green while the ad lines were not so much help, both closing with a loss of ticks.

Tonight Johnson & Johnson release earnings as to Intel. Thursday is GOLDMAN SACHS and GOOGLE and there is no shortage of other big names that can defiantly move the market. Meredith Whitney downgraded Goldman Sachs from Buy to Hold this morning bringing that stock down heavily up until the closing hours as it rallied off its lows.

Here's some unusal option activity from today:

-AKAM oct 21 calls / LLCC: Nov 24 puts (Earnings tonight after close) / CHK: oct 30 calls / LRCX: selling Nov 30 calls / ITT: Calls active
From the pen of at No comments:

Monday, October 12, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: +4.7
DOW: +21
NASDAQ: -3
Rus2K: -1
TSX/S&P: -47
$VIX: +0.32


Internals:

Core Sector List: 12/4

- NYSE -
BREADTH: 2/1
AD LINE: 261

- NASDAQ -
BREADTH: 1.1/1
AD LINE: -150

Today on the Marketbeat: The market has a shaky start.

Well it was a nice week off but I'm back to work now, and I couldn't of picked a better day to come back as the market gets off to a shaky start during one of the most interesting earnings weeks in some time with J&J, Goldman Saches, Pepsi, Citigroup and Google all reporting earnings later this week.

The internals gave way around 2pm when the sell off first started happening off what seemed to be no news, although the dollar did rally a bit which could of given equity investors reason to jump ship and take some profits off the table after the gap open. After the gap filled to the penny the market rallied off that and chopped around the 1st resistance pivot and closed the day at that area.

J&J releases earnings tomorrow and Google and GS on Thursday so keep your eyes peeled, If the market looses 1070 on the SPX then take profits and possibly initiate some shorts, if we take out 1080 tot he upside some longs might be a good idea.

Happy Trading

From the pen of at No comments:

Monday, October 5, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: +15
DOW: +106
NASDAQ: +20
Rus2K: +10
TSX/S&P: +136
$VIX: -1.8


Internals:

Core Sector List: 16/0 Pos

- NYSE -
BREADTH: 8.2/1 Pos
AD LINE: 2000

- NASDAQ -
BREADTH: 3.7/1 Pos
AD LINE: 1400

Today on the Marketbeat:

Thank you Goldman Sachs, was the overall sentiment from the Bulls camp today as the equity markets bounced off the 50 ma with a broad and deep rally with most sectors up 1% or more. As we all know 1 day doesn't equate a trend but the market did bounce with decent strength off the 50 day Moving average and held those gains well into the close. One aspect to keep in mind is that the rally did stop short of 1040 on the ES (SPX) and it is something to take note of as it is an important point of reference.

The internals stayed pretty strong for the mot part of the day as the core sector list closed the day essentially 16/0 with one sector closing flat on the day and the Breadths closed well into the green as the bounces continue to be bought.

Here is some unusual option activity: VRTX: oct 40's / AEO: 2k of oct 15's / HES: 26kcallsvs3kputs, oct 55 / ORCL: Nov 22 calls / MOT: Nov 9 Calls (watch) / GE:Oct calls // ATHR: Nov 27.5 Puts / NXY
From the pen of at No comments:

Thursday, October 1, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: -27
DOW: -203
NASDAQ: -65
Rus2K: -
TSX/S&P: -
$VIX: +2.80


Internals:

Core Sector List: 16/0 Neg

- NYSE -
BREADTH: 19/1 Neg
AD LINE: -2000

- NASDAQ -
BREADTH: 13/1 Neg
AD LINE: -1500

Today on the Marketbeat:

Today the markets finally gave into the selling pressure as the equity markets fell over 2% across the board. The sell off was initially lead by bad home sales numbers and continued as more data came out that investors clearly didn't like. The market was bearish for the whole day as internals kept going lower even when the market was just going sideways, up until the market caught up and hit new lows going into the closing bell. With a sea of red on all sectors today was the day the bears have been waiting for, that mythical pullback that everyone has been expecting for weeks (months for some).

We'll see if the selling pressure continues into the weekend or if the markets will find a level for the bulls to buy back into, but with the amount of negative internals and red across the board it seems were more likely to chop around than see another huge sell off.

Happy Trading
From the pen of at No comments:

Wednesday, September 30, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: -3
DOW: -30
NASDAQ: -1
Rus2K:
TSX/S&P:
$VIX: +0.62


Internals:

Core Sector List: 13/3 Neg

- NYSE -
BREADTH: 1.7/1 Neg
AD LINE: -525

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: -700

Today on the Marketbeat: Another day of Chop

Today the equity markets got off to a bearish start. But once again the day ended up in a buy/sell chop fest with the indices closing in the red slightly. Not much to get into after today, there is still more economic data to be released this week so keep your eyes and fingers nimble for any change in the potential trend...

Happy Trading

From the pen of at No comments:

Tuesday, September 29, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: -2.5
DOW: -47
NASDAQ: -10
Rus2K: -2.3
TSX/S&P: +50
$VIX: +0.17


Internals:

Core Sector List: 10/6 NEG

- NYSE -
BREADTH: 1/1 Equal
AD LINE: -100

- NASDAQ -
BREADTH: 1.5/1 Neg
AD LINE: -400

Today on the Marketbeat:

Well after Monday's epic technical bounce off the MA, Tuesday lacked in any sort of follow up to the up or downside as many traders got faked out before the consumer sales report was released around 10:30 am. Stocks were bought up prior but sold off with a vengeance once the #'s failed to inspire anyone to keep buying and prices continued to chop around after until the close.

Some say that the window dressing that has been done by many money managers who may have missed out on the big summer rally could be finally over and we could now see how deep the pullback could be. Is that going to happen? Well no one knows until something happens, right now we are still remaining cautiously bearish, with one eye scoping out bearish ideas in the case of another nice drop to the downside.

With internals failing to inspire anything the day closed near the lows and short term investors like myself are left at the proverbial drawing board to find some solid set-ups...

Stay nimble
Happy Trading
From the pen of at No comments:

Monday, September 28, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: +18
DOW: +124
NASDAQ: +40
Rus2K:
TSX/S&P:
$VIX: -0.64


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 5.8/1
AD LINE: +1350

- NASDAQ -
BREADTH: 3/1
AD LINE: +1000

Today on the Marketbeat: The Rally Continues...

So after an extended 2 day pullback across the equity markets, Monday turned out to show that the 20 day MA would prove to be at least short term support as stocks across the board rallied today, up as much as 2% in the case of the NASDAQ.

The reasons behind today's rally could be just a simple technical bounce, as the rally did take place on smaller volume, but that didn't seem to phase any investors from pushing stocks into the green today. The internals were a seas of green as the core sector list finished the day @ 16/0 to the bulls and the Breadths and Ad Lines closed the day near pegging the highs to the Bull side...

There is still alot of economic data to come out this week so almost anything can happen from here on in. But by the looks of how the price action finished near the highs one could imagine that the rally might continue at least to the prior highs before any serious resistance steps in.

Happy Trading
From the pen of at No comments:

Thursday, September 24, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: -10
DOW: -41
NASDAQ: -23
Rus2K: -44
TSX/S&P: -206
$VIX: +1.40


Internals:

Core Sector List: 15/1 Neg

- NYSE -
BREADTH: 6.5/1
AD LINE: -1600

- NASDAQ -
BREADTH: 5/1
AD LINE: -1400

Today on the Marketbeat: The pullback is here

The pullback that many have been waiting for for weeks has finally come. After the SPX hit the downtrend line from the highs of last year the market turns down a decent chunk as stocks across the board hit the red for what seems the first time all summer. Does this mean it will continue to drop? It could... but we here at Vision Wealth Management don't believe in being speculative, we rather watch what the market does first. This from what it seems is a technical bounce and is around areas of support, so we could just see some chop Friday or we could see it continue.

The internals were pretty much all red today and were like that for the most part of the day. The VIX finally tacked on some solid gains as the market dropped, showing fear is creeping back in the market

Happy Trading
From the pen of at No comments:

Wednesday, September 23, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: -10
DOW: -80
NASDAQ: -5
Rus2K: -4
TSX/S&P: -42
$VIX: +0.52


Internals:

Core Sector List: 14/2 Neg

- NYSE -
BREADTH: 4/1 Neg
AD LINE: -870

- NASDAQ -
BREADTH: 1.8/1 Neg
AD LINE: -500

Today on the Marketbeat: The trap door opens?

Well after weeks and weeks of stables gains into the close, today the market lost 10 points on the SPX and did it mostly when the bulls usually stepped in. This could mark a short term top if the bulls don't back up this action into the weekend, and if it is it could be a real trip.

The internals were the sign to help us stay on the right side today as they shifted hard into 3pm today. The VIX also pulled some gains on as the market sold off. This sell off was broad and heavy as the core sector list went from green to red really quick.

As the FOMC minutes are over and gone for awhile we watch for earnings, specifically RIMM who come out with their earnings Thursday night after the close and could be a big mover for the tech heavy NASDAQ.

Happy Trading

From the pen of at No comments:

Tuesday, September 22, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: +7
DOW: +50
NASDAQ: +10
Rus2K: +5
TSX/S&P: +151
$VIX: -0.91


Internals:

Core Sector List: 11/5

- NYSE -
BREADTH: 3.2/1 Pos
AD LINE: 1245

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: 400

Today on the Marketbeat:

Another bullish day in the equity markets today as the Bulls are still on parade. With a bit of a suspect opening gap today, the market managed to hold it up throughout the trading day. Leading the way were commodities and stocks that are in those sectors.

The internals stayed positive with the markets price action for the whole day backing up the bullish bias that we maintained throughout the day. The NYSE Breadth finished strong @ 3.2 to 1 positive, pushing down the VIX another 90 cents.

Tomorrow is the every famous FOMC minutes as the words coming out of the chairman's mouth could open a can of whop ass on the markets or... it could do very little, the idea is to be ready for anything tomorrow @ 2pm.

Here's some stocks with unusual options activity:
MBI: 11k oct 8 calls / CLX: PG buying, 17k oct calls / NTRI: over 5k on call side vs 110 on put side / JDSU: oct 7-8 calls / TLAB: oct 7.5 calls / CEPH: 2400 65 calls (take over chatter) /

Happy Trading


From the pen of at No comments:

Monday, September 21, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: -3
DOW: -24
NASDAQ: +5
Rus2K: -2
TSX/S&P: -33
$VIX: +0.03


Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 1.6/1 Neg
AD LINE: -1000

- NASDAQ -
BREADTH: 1.4/1 Pos
AD LINE: -200

Today on the Marketbeat:

The market took a bit of a breather post quadruple witching. It's been known to be a slow, slightly bearish day after the options expire and today did not stray off that pattern. The bears took the bulls down early on in the session but the bulls are not ready to back off just yet.

The internals were split down the middle at the closing bell, the NASDAQ coming across the line positive, and the NYSE closing the day slightly bearish.

There is not much going on economic report wise until the FOMC minutes Wednesday. Which could prove to be interesting if they see it fit to up the interest rates, but that would be a surprise in this traders eyes. The trend continues to be bullish, as the markets pushed off the bears gap today. If the trend is broken, as always look for stocks that have unstable gains, ones that ripped up really fast, and don't have much to back up the reasoning of the gains to short.

Happy Trading
From the pen of at No comments:

Thursday, September 17, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: -3
DOW: -7
NASDAQ: -5.75
Rus2K: -2
TSX/S&P: -66
$VIX: +0.06


Internals:

Core Sector List: 12/4 Bears

- NYSE -
BREADTH: 1.5/1 Neg
AD LINE: -370

- NASDAQ -
BREADTH: 2/1 Neg
AD LINE: -12

Today on the Marketbeat:

Well if this is the pullback that investors have been looking for, then the bulls are very strong. But this is probably not that time. The market closed slightly bearish today, as the 9 straight days of bullish higher closes comes to an end.

The internals finished the day barely in the red, but they did back up the price action which finished slightly in the red as well. Tomorrow is options expiry day so expect some choppiness in the afternoon

Happy Trading
From the pen of at No comments:

Tuesday, September 15, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: +3
DOW: +56
NASDAQ: +9
Rus2K: +3.8
TSX/S&P: +123
$VIX: -0.54


Internals:

Core Sector List: 10/6

- NYSE -
BREADTH: 2.3/1
AD LINE: 1150

- NASDAQ -
BREADTH: 1.8/1
AD LINE: 800

Today on the Marketbeat:

8 Straight days with Higher highs on the $SPX. When will the retracement occur?. Today the market slugged its way higher as once again the $SPX is seeing higher highs and continues to be bullish in the face of overextension. The Shadowtrader, Peter Reznichek mentioend today that the market likes to cycle in odd numbers, so if we saw another Higher High tomorrow than it could mark a possible short term top in this latest run up.

The internals really helped keep the emotions at bay today as they led the way allday showing decent bullish levels as most top line figures hit new highs once more. But the bottomline has to be stay nimble, when the market gives us a signal that something has changed we adjust, until then the trend is your friend.

Happy Trading

From the pen of at No comments:

Monday, September 14, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: +6.5
DOW: +28
NASDAQ: +7.5
Rus2K: +5.6
TSX/S&P: +70
$VIX: -0.31


Internals:

Core Sector List: 14/2

- NYSE -
BREADTH: 2.5/1 Pos
AD LINE: +1000

- NASDAQ -
BREADTH: 2/1 Pos
AD LINE: +800

Today on the Marketbeat: Another Manic Monday

Well as the Futures got to trading Sunday night they looked like the market was going to see a decent pullback, and come 9:30 am they just did that, opening down 10 pts on the S&P ES Futures. The Market did fill this gap lower around 11am and it did so in a slower fashion than as of late. This gives me the idea that these types of moves might just be the "pullbacks" we all are watching for. Keeping in mind that this market of late is a bullish market. When the market drops overnight, the bulls seem to have a certain level that they are defending and push it up after throughout the day.

What can this piece of information tell us? well it could tell us that we need to be aware of the fact that in this market the pullbacks that we are looking to buy might be intraday pullbacks and that we need to really dismiss any kind of opinion we attach to the price action we see, and trade it for what it is. That means if and when a longer deeper pullback occur, then sell into it or take profits off the table at that point, however, if your looking for pullbacks to buy into - watch how the market guards the support levels, if they cant take them out then that just might be the extent of the pullback we see in that day.

Here's some notes

TICKS - Looking for extremes (+/- 1000), Distributions - where are the values being distributed (above or below zero line) / UNH (3yrs chart): bullish ascending triangle - 30 actions point to long side / WYNN on pullback / AKAM at action point watch / QSFT: riding the 20ma, if breaks below 20, could enter a buy zone / CRR: buy on pullback after 3x top breakout / RL: buy on break or pullback

Happy Trading


From the pen of at No comments:

Thursday, September 10, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: +10
DOW: +80
NASDAQ: +20
Rus2K: +10
TSX/S&P: +130
$VIX: -0.75


Internals:

Core Sector List: 14/2

- NYSE -
BREADTH: 3.7/1
AD LINE: 1550

- NASDAQ -
BREADTH: 4/1
AD LINE: 1100

Today on the Marketbeat: Another new high

The rally continues as across the broad market, new highs were hit today as there doesn't seem to be a logical end to this rally. One red flag for Bulls is the fact that the market made this new high on slightly weaker volume. But just because the new highs were made on weaker that like to be seen volume, that doesn't mean you cant trade this rally, You just have to make sure you are more nimble and lock in profits quicker.

The internals were once again that sign to help us traders stay on the right side of the trade as they all ripped to new highs into the close. One small shake out before the break out was barely noticeable on the internals as they often are the first sign to chinks in the armor.

There is a couple of economic reports coming out tomorrow so stay nimble on open longs and possibly scan from some short ideas for next week.

Happy Trading
From the pen of at No comments:

Wednesday, September 9, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: +8
DOW: +50
NASDAQ: +22
Rus2K: +10
TSX/S&P: -60
$VIX: -1.26


Internals:

Core Sector List: 12/2

- NYSE -
BREADTH: 2/1 Pos
AD LINE: 1300

- NASDAQ -
BREADTH: 4/1 Pos
AD LINE: 1100

Today on the Marketbeat:The Market peeks it's head higher

Today the bullishness sentiment continued as the rally on the overall markets continued as the S&P pushed up in the early hours of trading. The market took over the 3rd pivot point of resistance before lunch time. and with relative ease. After that point however, the market tapered off as profits were taken in the afternoon hours, only to pull the last hour rally as investors sent the ES futures near the highs at the close... Confusing much?

The internals were a bit cloudy as the breadths didn't reflect the strong price action that the market witnessed today. The AD Lines tacked on decent gains, +1000 on both NYSE and NASDAQ, while the core sector list finished the day 12/4 tot he bulls. With the way the market collapsed into the afternoon and the breadth not matching the strength that the price action showed, keep a close eye on the longs as this rally looks to continue.

Happy Trading
From the pen of at No comments:

Tuesday, September 8, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: +9
DOW: +56
NASDAQ: +19
Rus2K:
TSX/S&P:
$VIX: +0.40


Internals:

Core Sector List: 12/4

- NYSE -
BREADTH: 2/1
AD LINE: 1470

- NASDAQ -
BREADTH: 3.2/1
AD LINE: 600


1010 support

Today on the Marketbeat:


The market opened up today on a gap up and didn't look back much there after. However with the 2nd pivot point being locked at 1025 on the ES futures, the market couldn't muster enough strength to push through that level. The internals were mostly bullish with the core sector list closing the day @ 12 over 4 to the bulls. The Breadths closed at the high of the day while the AD Lines tacked on decent gains. There is some economic data coming out this shortened trading week and 1010 should be watched as a level of support (action point) assuming the market wants to take a lil plunge lower.

Happy Trading
From the pen of at No comments:

Thursday, September 3, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: +8
DOW: +62
NASDAQ: +16
Rus2K:
TSX/S&P:
$VIX: -1.84


Internals:

Core Sector List: 14/2

- NYSE -
BREADTH: 5.2
AD LINE: 1600

- NASDAQ -
BREADTH: 2.6
AD LINE: 940

Today on the Marketbeat:

Another largely range bound day as Thursday winds to a close. The market gaped on the open to the upside, only to fill it once moce as the bulls and bears continued their struggle for power today. The bulls did seem to have an early edge as some numbers released seemed to be bullish, but the crazy pipe was lit early and the range bounce chop continued late into the day until the final 30 minutes when the bulls stepped in and bought up the market into the close, giving the S&P back its prescious 1000 level.

The internals today were the guiding light that kept us from going short every bounce, as there were very much in the green today across the board. The last of the economic data comes out tomorrow and it could provide a big spark as it is after all a long weekend with Monday (Labour Day) being a holiday.

Keep your fingers ont he trigger, Happy Trading

From the pen of at No comments:

Wednesday, September 2, 2009

Today on the Marketbeat:





Market #'s @ Closing Bell:

S&P: -3
DOW: -29
NASDAQ: -1.8
Rus2K: -2
TSX/S&P: +34
$VIX: -0.24


Internals:

Core Sector List: 13/3 Bears

- NYSE -
BREADTH: 1.7/1
AD LINE: -670

- NASDAQ -
BREADTH: 1.4/1
AD LINE: -117

Today on the Marketbeat:

Wow.... I just got awakened by the closing bell, and Brad the Shadow trader giving the day's wrap up... Ok im kidding I wasn't sleeping but give one good look at today's intraday action and you could of sworn that the market took a cue out of Green Day's smash up "Wake me up when September Ends". The market began the day with a gap lower that was filled fairly quick, but after the morning rush the market didn't do much of anything. In fact the whole day was spent in between the overnights high's and low's. Interesting when you think about it. Yesterday the big money was busy selling, but today the big money was niether favouring the bulls or bears. One market did move, and move big today - Gold rallied all day long, hitting new highs up until the close. Keep an eye out for gold mining stocks, GG - ABX for example

Many investors may be waiting up for Friday's economic reports to make further moves, but that doesn;t mean the market won't be actionable tomorrow. Watch the 980 area on the S&P for a possible bounce area if the bearish slide continues. If that area is taken out, then all those investors that went long at this area will be wrong and might be forced to cover.

Happy Trading
From the pen of at No comments:

Tuesday, September 1, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: -22.5 (lost 1000)
DOW: -185 (2%)
NASDAQ: -40
Rus2K: -14
TSX/S&P: -188
$VIX: +3.14


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 15/1
AD LINE: -2000

- NASDAQ -
BREADTH: 6/1
AD LINE: -1500

Today on the Marketbeat: A change in tide....

Today was the day most traders were waiting for, 3 weeks ago. The Market finally gave way below as the market dropped about 2% across the board. The thing that makes this interesting is that the market dropped hard on very good ISM data that was released this morning. The market had the mother of all head fakes, driving higher to fill the gap in the morning only to pull a sky diving act after the ISM data was released bringing the market down hard across all sectors.

The internals and pivots gave us traders a heads up as they turned out to be pretty spot on to help us stay ahead of the huge wave of selling. Ill be the first to admit that today's bearishness was a big surprise especially after the market filling the gap and showing signs of bullishness. The market (SPX) is now sitting below 1000 and right about on the level of support.
From the pen of at No comments:

Monday, August 31, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: -8
DOW: -48
NASDAQ: -20
Rus2K: -8
TSX/S&P: -130
$VIX: +1.40


Internals:

Core Sector List: 14/2 Neg

- NYSE -
BREADTH: 3.9/1 Neg
AD LINE: -1400

- NASDAQ -
BREADTH: 1.5/1 Neg
AD LINE: -1200

Today on the Marketbeat:

With the end of last week coming to a somewhat un-eventful close, this week got off to an exciting start as the market gaped down 10 ES points on the opening bell. The weakest of the indices was the NASDAQ, with one glance of a long term chart of the COMP, one sees that from the High of Oct 07, to the lows of this past March, we almost pegged the 50% retracement line with last weeks high. Although the overall market condition was weaker today, most of the weakness happened on the opening bell or subsequently soon after. So the bulls seemed to be content with the level that was holding for the most part of the day. The internals once again helped the trader stay on the right side of the trade, as they did not go lower for the remainder of the day. So weakness on the open but not continued weakness throughout the day... Can someone say mixed feelings on the market? Keep your eyes on the economic reports coming out this week as they will most likely be a big sign of whats to come this week.

Happy Trading
From the pen of at No comments:

Thursday, August 27, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: +2.8
DOW: +37
NASDAQ: +3.3
Rus2K: -0.8
TSX/S&P: + 13
$VIX: -0.27


Internals:

Core Sector List: 11/5 (16/0 to the Bears this morning)

- NYSE -
BREADTH: 2.2/1 Pos
AD LINE: +250

- NASDAQ -
BREADTH: 1.6/1 Pos
AD LINE: -90

Today on the Marketbeat: Another New high for '09

What a difference a day makes? How about a couple hours? Today the day got off to a bearish start, and continued lower into the lunch time. However, around 11AM the market put in a double bottom and rallied hard into the afternoon, hitting new highs for the year once again. A very interesting day as we began with a mindset looking for shorts, but once 1014 area was hit on the ES the market changed and went long, and we finished the day looking for longs. If you don't wanna have to stay so nimble then SOH when the market is volatile like it was today. Bottom line is while the whole world was once again waiting for the market to drop, and while it seemed to want to this morning, we must remain cautiously bullish until Mother Market decides the bulls need a rest.

Happy Trading
From the pen of at No comments:

Wednesday, August 26, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: +0.12
DOW: +4
NASDAQ: +0.56
Rus2K: +0.09
TSX/S&P: +2.36
$VIX: +0.02


Internals:

Core Sector List: 10/6

- NYSE -
BREADTH: 1.1/ Neg
AD LINE: -120

- NASDAQ -
BREADTH: 1.1/1 Pos
AD LINE: +130

Today on the Marketbeat: Pure Chop

Another day, another 9-5 of choppy price action near the near term highs on the S&P 500. The market started off on a bullish note as the market moved off economic reports that fared better than expected, however when the high of the day (1032 on the ES futures), the market stalled and was never able to get its bullish footing back from the bears who have been battling it out with the bulls so far all of this week. This week is post options expiration week and they do tend to sometimes be more quiet trading times. However with the market having moved a sizable chunk off those July 13th lows, when Meredeth Whitney posted some good comments that sent the market into rally mode up till this point, the market is probably trying to figure out who wants the next leg better. Today marked a triple doji top on the SPY, which could lead to a major reversal of trend, under some watch one can see that the market featured a similar bottom prior to the July 13th lows. So stay nimble, plan your trade and trade your plan.

Happy Trading
From the pen of at No comments:

Tuesday, August 25, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: +2.4
DOW: +30
NASDAQ: +6
Rus2K: +3
TSX/S&P: + 116
$VIX: -0.22


Internals:

Core Sector List: 12/4

- NYSE -
BREADTH: 1.7/1
AD LINE: 620

- NASDAQ -
BREADTH: 1.1/1 Pos
AD LINE: 220

Today on the Marketbeat:

Today was a bit of an inside day. starting off bullish but fading into the later hours of trading. The market never really went into bearish mode today but one look on the daily chart of the SPY and you will notice two major topping tails. Does this mean the rally is done? We can't tell and since the internals are still backing up the bulls the rally could go into a consolidation mode for some time.

The internals were slightly bullish today but they were far from the strong levels that the market saw on the open. The consumer confidence report came in stronger than expected and gave the market some push in the early hours, but the bears were content to see the bulls stay where they stand for now

More economic reports and earnings are due this week so stay nimble

Happy Trading

From the pen of at No comments:

Monday, August 24, 2009

Today on the Marketbeat:

From


Market #'s @ Closing Bell:

S&P: -0.5
DOW: +3
NASDAQ: -5
Rus2K: -2.25
TSX/S&P: -61
$VIX: +0.21


Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 1.28/1 Pos
AD LINE: +70

- NASDAQ -
BREADTH: 1.27/1 Neg
AD LINE: -220

Today on the Marketbeat: What happens Next?

Today's trading got off to a very nice bullish start as the rally looked to continue, but as we all know things can change fast in the market, and during the lunchtime session the market sold off sharply losing all the gains but not pushing the bulls to cover into a bearish drop. The Market finished slightly lower but had a bearish vibe to it. But with one look at the internals you get the idea that neither side today was in control

The Core sector list finished the day split down the middle half in the green half in the red (a Christmas tree formation in the trading world), while the NYSE internals finished in the green and the NASDAQ finished in the red. An overall interesting day as many stocks put in bearish reversal signals, the only thing left is to see if there will be confirmations

Alot of Unusual Option activity today, Check it out...

FRE: unusual options last week, sept 2's over 3300 - Today it is @ 2.12 / FMN: 5x the amount calls over puts - 36k of Sept 2's / GNW: 7k of Sept 10's / SPLS: Calls ahead of interest for earnings - Sept 24's 4500 contracts today / DELL: earnings this week, Sept 15 calls / TIF: @ new 1 yrs highs today, Sept 30 calls / XL: over 4000 calls, 17.5 most notable / AMAT: OCT 14 calls, 11,000 / XHB: sept 15 calls /\ CAG: Dec 20 puts / GGB: Dec 10 puts, 4700 contracts / BMO: Dec 45 puts / XLNX: 5400 puts vs 900 calls - Sept 22.5's (3000)
From the pen of at No comments:

Thursday, August 20, 2009

Today on the Marketbeat:


From


Market #'s @ Closing Bell:

S&P: +10.5
DOW: +70
NASDAQ: +20
Rus2K: +6
TSX/S&P: + 19
$VIX: -1.22


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 5/1 Pos
AD LINE: 1300

- NASDAQ -
BREADTH: 2.4/1 Pos
AD LINE: 780

Today on the Marketbeat: 4 Down, 1 to go

With 4 days down this week, 1 day remains as options expiry day draws near. As is somewhat common knowledge in the active trader world, options expiry week is often times very volatile as the options for that front month expire. This week has been somewhat volatile, starting lower and bouncing with some strength off Monday's lows. The Internals helps back up today's rally higher as they all closed in the green - with the core sector list 16 to 0 on the bulls side, as well as both breadths well into bullish numbers.

Just because the market has guarded support levels as of late does not guarantee that it will continue to climb, however, when the internals back up the moves and things still point to the upside being the path of least resistance, one must stay with the flow. Put:Call ratios are currently favouring the bulls so until something changes we remain bullish.

Happy Trading



From the pen of at No comments:

Wednesday, August 19, 2009

Today on the Marketbeat:


From


Market #'s @ Closing Bell:

S&P: +7
DOW: +61
NASDAQ: +13
Rus2K: +4.6
TSX/S&P: +2.71
$VIX: +0.24


Internals:

Core Sector List: 12/4

- NYSE -
BREADTH: 1.4
AD LINE: +700

- NASDAQ -
BREADTH: 2.5
AD LINE: +745

Today on the Marketbeat: Another Wacky Wednesday

With a huge downward swing on Monday, then a reversal yesterday, almost anything could and DID happen today. First the market gaps down about 12 ES points, but after the 5 min low it reversed and climbed 20 pts before retracing at the 3pm reversal time. There was alot of out of nowhere spikes today that basically are adding to this being a traders market. Their are plenty of intraday plays to take, you just have to be on them and take the trigger, I however have missed some good plays this week but the buffet is always here.

The internals started the day out very bearish but as the market rose the internals followed finally evening up with the price action. The VIX closed up despite the market closing higher for the day, which might be partly due to this week being options expiry week, so remember if you are holding a position with an August front month, be sure to liquidate if you don't want any surprises.

Happy Trading


From the pen of at No comments:

Tuesday, August 18, 2009

Today on the Marketbeat:


From


Market #'s @ Closing Bell:

S&P: 10
DOW: 81
NASDAQ: 25
Rus2K:
TSX/S&P:
$VIX: -1.70


Internals:

Core Sector List: 15/1

- NYSE -
BREADTH: 5.5/1
AD LINE: 1771

- NASDAQ -
BREADTH: 4.5/1
AD LINE: 1260

Today on the Marketbeat: The Market rallies, but is it enough?

After Monday's sell-off, Traders were looking for the market to either continue or bounce today, and since the markets seemed to have hit their low early in the session, traders were looking for a bounce. The Markets opened up modestly higher and slowly pushed up towards the old support of 990 on the ES futures. However that old resistance turned support turned back into resistance today as the S&P futures were not able to climb over 990 on the dot. So what do we take from this? We could take it that 990 might act as a short term high lever we have to break over before the market continue higher. Or it could just mean the market is good where it is now and continue to flounder around. Lastly it could mean that the 990 level will act as a strong resistance and the market could slide lower. Three posibilities, but let the market show u its hand first

Unusual Options: TRLG sept 22.5 calls / SLE: jan 10 calls / MTW: Jan 2001 - 30k jan 15 calls / IAT: oct 18 puts /




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