Today on the Marketbeat: Headlines Rule the Day

Market #'s @ Closing Bell:

S&P: -81 to 8953

DOW: -4 to 927

NASDAQ: -4 1628 

RUS2K: -2.6

TSX/S&P: +33

VIX: +0.23

Internals:

Core Sector List:  8/8 Equal

NYSE

BREADTH: 1.5/1

AD LINE: +1000

NASDAQ

BREADTH: 1/1 

AD LINE: +240

Today on the Marketbeat: Headlines Rule the Day

On the first day of the first official week of 2009, Headlines ripped through the grapevines as news headlines took control of the day today. With rising tensions in the middle east as Israel goes into their 10Th day in Gaza, the Rod Blagojevich scandal heating up as Rolland Burris tries to accept his place in the Senate. Combine that with automakers needing bailouts, and Obama working on the economic stimulus plans one would find it easy to see how we witnessed a fairly inside day today on the Markets. 

The futures gaped down early in today's action as the new year got off to a more official start today. That gap was filled before lunchtime and after filling that gap, basically chopped around briefly making a new high on the day for the ES but not on the YM. Alongside the choppy day, the internals basically backed up the indecision; closing the day at parody on the NYSE and NASDAQ Breadth and Core Sector list. The only internal indicator to read a clear positive signal was the AD Lines, with both NYSE and NASDAQ tacking on 1000 and 450 ticks respectively. 

In the world of currency, the day got off to a odd start as both USD/CAD and the EUR/USD saw giant big bodied red candle drops early in the trading session (NY TIME). The Euro lost 4 cents in that drop (Sitting at 1.3605 as of writing), while the USD dropped 3.5 cents (sitting at 1.188 as of writing) in that same period to the CAD.