
Market #'s @ Closing Bell:
S&P: +1.5
DOW: +3
NASDAQ: +13
Rus2K:
TSX/S&P:
$VIX:
Internals:
Core Sector List: 8/8 SPLIT, Gold up, Crude down
- NYSE -
BREADTH: 1.6/1 Pos
AD LINE: +550 ticks
- NASDAQ -
BREADTH: 2.4/1 Pos
AD LINE: +50 ticks
Today on the Marketbeat: Indecision rules the day
With the closing bell ringing, today was one of the more exciting price action days in a little while. After yesterday's bear market rally that brought the equity markets up more than 3% across the board, today looked to continue that rally and starting this morning it looked like we were going to continue to run to the upside, with the ES futures ripping off the opening bell hitting the days high at 732. This however turned out to be the high for the day and the beginning of the chop fest we call Wednesday March 11th. After rolling over from this high, the futures markets as well as the equity markets trended softly to the downside, retracing most of their gains from today, cue in the afternoon cycle and the ES ripped back up almost to the days highs stopping short around the R1 level (727).
Under the hood was the story that the price action told but in greater detail, a whole lot of indecision in the markets with the Core Sector list finishing the day dead even, split 8/8 with gold gaining on the day and crude oil finishing lower. The Ad lines finished with gains but very minimal at that while the Breadths fared about the same closing the day at 1.6 and 2.4 to 1 positive on the NYSE and NASDAQ respectively


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