Today on the Marketbeat: Bad start to short week? or Launch pad in action?

Market #'s @ Closing Bell:

S&P: -20
DOW: -186
NASDAQ: -35
Rus2K: -11
TSX/S&P: -148
$VIX: -0.47


Internals:

Core Sector List: 15/1 Bears

- NYSE -
BREADTH: 5/1 Bears
AD LINE: -1700

- NASDAQ -
BREADTH: 8/1 Bears
AD LINE: -1400

Today on the Marketbeat: Bad start to short week? or Launch pad in action?

In Today's intraday action the equity markets slipped for the second consecutive day as the markets take some profits off the table. The day was mostly bearish with slight rallies bringing the market off the lows, but it was to no avail as the prices closed near the days lows.

The internals were all pointing to the bears being in control as the Breadths closed the day at their lows and the AD Lines tacked on some decent losses. Tomorrow should provide us with further idea to where this market is heading into the long weekend. After 4 consecutive weeks riding higher then we could see a bit of sideways action