Tuesday, April 14, 2009

Today on the Marketbeat:






Market #'s @ Closing Bell:

S&P: -17
DOW: -137
NASDAQ: -22
Rus2K: -13
TSX/S&P: -77
$VIX: -0.21


Internals:

Core Sector List: 15/1 Bears

- NYSE -
BREADTH: 2/1 Bears
AD LINE: -1200

- NASDAQ -
BREADTH: 1.8/1 Bears
AD LINE: -1000

Today on the Marketbeat:

Today got off to a bearish grind and didn't look back much form the opening bell. Short was the way to be if you were day trading and the internals helped to make sure we stayed on the right side of the trade.

Even though we saw decent sized losses on the tape today, the overall feeling I got form today wasn't overly bearish as the internals did not come in strongly bearish. With a breadth reading of about 2/1 on both breadths the volume wasn't pouring in bearish. But this pullback has been expected which could give reason to viewing it not so bearish

The remainder of the week should be controlled more or less by earnings announcements giving this week a more speculative view.

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