Today on the Marketbeat: Monday Market in the red

Market #'s @ Closing Bell:

S&P: -7
DOW: -80
NASDAQ: -25
Rus2K: -7.44
TSX/S&P: -47
$VIX: +0.44


Internals:

Core Sector List: 12/4 Bears

- NYSE -
BREADTH: 1.2/1 Neg
AD LINE: -1300

- NASDAQ -
BREADTH: 2.8/1 Neg
AD LINE: -1160

Today on the Marketbeat: Monday Market in the Red

With Bullish end to last weeks price action, the market looked like it was going to run on those bulls to start off this week, however that was a short lived theme in today's intraday action. The market started the day gaping down from Fridays close but showing initial strength as it ripped past Fridays close and to a solid level for a market with this much on its back, falling a tick short of 695 on the ES's. This turned out to be the high point of the day across the board as once it failed to print 695 the market nose dived for the rest of the day. Despite the bulls false run today, the markets down turn was not a messy one or 'off of a cliff' situation. After the price action turned over it followed a steady trend line to the downside providing many solid intra-day shorting opportunities.

Under the hood the market printed bearish internals for the day however they were not as intensely bearish as the price action might of indicated. The Breadths closed the day at 1.2/1 and 2.8/1 Negative on the NYSE and NASDAQ respectively. The Ad lines both tacked on some losses (-1300 & -1100), and rounding them our the Core sector list closed the day at 12/4 to the bears.