
Market #'s @ Closing Bell:
S&P: +24
DOW: +180
NASDAQ: +48
Rus2K: +13
TSX/S&P: +167
$VIX: -2.5
Internals:
Core Sector List: 15/1 Positive
- NYSE -
BREADTH: 10/1
AD LINE:1702
- NASDAQ -
BREADTH: 12/1
AD LINE: 1300
Today on the Marketbeat: Da Bulls!!
Well the oversold market conditions that have been a plagued to any directional trader for the last couple weeks has turned into a market that has been pushing to the upside easily so far this week. Yesterdays late day profit taking seemed to be the biggest extent to which the market wanted to give back gains so far this week, as today's price action took off once again to the upside, retaking 770 on the ES.
Under the hood the markets held up nicely with the internals all giving the bulls some much needed hootspa to hold the bullish levels. The Core sector list closed the day at a strong 15/1 Positive while the breadths closed the day @ their highs (10/1 NYSE, 12/1 NASDAQ). Closing in the internals the ad lines tacked on 1700 ticks on the NYSE and the VIX dropped 2.5.
Tomorrow is the FOMC Minutes so keep an eye out for that. Happy Trading everyone


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