Wednesday, April 22, 2009

Today on the Marketbeat: Market takes a cue from Katy Perry (Hot & Cold)





Market #'s @ Closing Bell:

S&P: -6.5
DOW: -83
NASDAQ: +2
Rus2K: +4
TSX/S&P: +91
$VIX: +0.28


Internals:

Core Sector List: 10/6 Bears

- NYSE -
BREADTH: 1.4/1 Neg
AD LINE: +200 Ticks (3000 ticks swing)

- NASDAQ -
BREADTH: 1.4/1 Pos
AD LINE: +135 ticks

Today on the Marketbeat: Market takes a cue from Katy Perry (Hot & Cold)


What a difference a day makes, After Mondays wild drop and yesterdays confusing bounce back into the range today spent a lot of the day starting lower and moving higher throughout the day, but as the day came to a close, the market lost the banking index and most of the tickers with solid gains lost them into the close.

The internals were mixed which points to the confusing nature of today's trading action. The sentiment is looking to be slightly bearish going into tomorrows trading, for day trading but swing traders have well defined lines to watch in order to keep their positions in check



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