Today on the Marketbeat: Will 800 hold?

Market #'s @ Closing Bell:

S&P: -16
DOW: -117
NASDAQ: -30
Rus2K: -12.44
TSX/S&P: -139
$VIX: -0.85


Internals:

Core Sector List: 16/0 Negative

- NYSE -
BREADTH: 4.8/1 Neg
AD LINE: -1230

- NASDAQ -
BREADTH: 3.1/1 Neg
AD LINE: -1100

Today on the Marketbeat: Will 800 hold?

Another interesting day in the Markets as investors watched closely for the 800 level on the S&P to be held, and it did. However, this was a close call into the last 30 minutes of the day. The market had opened lower and slowly worked its way to the upside throughout the intra day session, but in the last bit of the day the market lost the pivot 804 on the ES futures. This was a yellow light for the bulls as in the last bit of the day we lost our strength, even though 800 was held.

The internals helped us stay on the right side of the trade. The core sector list pulled a 180 from yesterday closing @ 16/0 to the bears. The Ad Lines held up nicely off their lows and closed down around 1200 ticks on each. Rounding out the internals the breadth came in around 4/1 negative and the Vix dropped 0.85 pts.