Today on the Marketbeat: What a difference a day Makes

Market #'s @ Closing Bell:

S&P: -382

DOW: - 45

NASDAQ: -65 

RUS2K: -21

TSX/S&P: -251 

VIX: +3.72

Internals:

Core Sector List: 16/0 Bears: Banks down 14%, Builders down 10%

NYSE

BREADTH: 31/1 Bears

AD LINE: -2100

NASDAQ

BREADTH: 13/1 Bears 

AD LINE: -1745

Today on the Marketbeat: What a Difference a day makes...

Rewind to yesterdays chat. I was commenting on how we had a very choppy go no where day. Fast Forward to today's intra-day action and WOW...

The day started off not so bearish, but that all came to a frightening (if your long) halt when Team Obama spoke about the stimulus package. It seems the market did not like what they had to say (or lack of). What also didn't help matters was the Fed speaking around 1pm, giving further juice to the major sell off. On a comatosed bullish note, the ES did manage to hold onto 820 near the close and rallied off of it as investors more than likely collected profits off their shorts. 

Internals were a sea of red, the bulls were no where to be found in today's action, except for minor cases where some areas saw green (and not just the inverses). However, the name of the game today was short, if you stayed short you probably did well. How will we rebound from the biggest loss since the inauguration? only time will tell...

Catch a special Marketbeat: Vision Lesson tonight...