Today on the Marketbeat: Grand McRally

Market #'s @ Closing Bell:

S&P: +30

DOW: +236

NASDAQ:+ 54

RUS2K: +18

TSX/S&P: +211

VIX: -7.13

Internals:

Core Sector List: 15/1 to the Bulls

NYSE

BREADTH: 12/1 Pos

AD LINE: +2250

NASDAQ

BREADTH: 6.7/1 Pos 

AD LINE: 1340

Today on the Marketbeat: Grand McRally

Today the question many market participants were pondering "How much lower will we go?" got a short term answer as the Us Equity markets rallied off 12 yr lows Tuesday. The day got off to a normal choppy start as the markets were range bound between 745 and 756 approx. However, around 1pm the markets shot off to new highs with a solid back up internally. The S&P futures closed the day up  

Under the Hood the market internals put in a solid backdrop for the markets to rally off of, with the Breadths closing in at their highs 12 & 6.7 to 1 on the NYSE and NASDAQ respectively. The Ad Lines closed at their highs as well at +2258 (NYSE) & +1340 (NASDAQ).

The next question we should ask is could this rally continue, or do we fade it and look for short ideas? As always its something to question overnight and let the markets answer. Till then maybe write out a simple "If the market ___ then I will ___" scenario...it's what I'll be doing tonight. 

Happy Trading

P.S. Be sure to keep a keen eye out for updates and educational info on my new blog: Ebbs&Flows