Today on the Marketbeat: As the Market Turns

Market #'s @ Closing Bell:

S&P: -90

DOW: -9

NASDAQ: -25 

RUS2K: -4

TSX/S&P: -15 

VIX: -1.77

Internals:

Core Sector List: 12/4 Bears

NYSE

BREADTH: 2.6/1 Bears

AD LINE: -1300

NASDAQ

BREADTH: 4.3/1 Bears 

AD LINE: -800

Today on the Marketbeat: As the Market Turns

Another day, some more losses on the broad exchange today. With early signs pointing today's action to the upside, with a solid opening gap; one could of assumed today might of been that bounce day we were watching for on the markets. However, today was more of a Bear trap than anything, bringing in those buyers then taking the market down progressively through the afternoon. The Dow Futures tests the November lows, so one could assume that the S&P futures should do the same in the near future. 

Under the hook the internals came in with a bearish overtone, The Breadths closed at 3/1 (NYSE) and 4/1 NASDAQ. The Ad Lines tacked on about 1000 ticks each lost and rounding the internals out the Vix dropped almost 2 pts today which maybe speaks that all of this is being priced in. Lastly the core sector list closed at 12/4 to the bears.

This weekend I will be working on my all new blog page The Marketbeat: Ebbs & Flows. This is my crack at an educational blog for the everyday person. Whether you know little about the markets and would like to expand or you have knowledge of the Market's but would like to learn how to trade them short term, Ebbs & Flows is the place to be

The Marketbeat: Ebbs & Flows