Market #'s @ Closing Bell:
S&P: -18
DOW: -126
NASDAQ: -32
RUS2K: -12
TSX/S&P: -296
VIX: +3.24
Internals:
Core Sector List: 16/0 to the Bears
NYSE
BREADTH: 8.3/1
AD LINE: -1600 ticks
NASDAQ
BREADTH: 6.8/1
AD LINE: -1400 ticks
Today on the Marketbeat: Moving lower on lower volume.
The Market opened today following Fridays trend, falling lower on the opening bell, chopping around slightly then moving lower into the close. The week got off to a bit of a slow start as the major equity markets moved lower today as markets still cant seem to get a firm grasp to move up. Not much in terms of market moving news out today, the market just seems to be takign profits on the oversold levels we were flirting with last week.
Under the Hood, the internals told a Bearish story with the Breadths both deep in the red, wih the NYSE cloing in at over 8/1 and NASDAQ coming in almost 7 to 1 to the bears. The AD LINES both dropped down, coming in at -1600 & -1400 ticks on the NYSE & NASDAQ respectivly. Add to this the 50day moving average not holding up any of todays weight, it actually seems to be a new resistance more than anything. Overall quiet, but very Bearish begining to the week.



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