Today on the Marketbeat: Shhhh the market is sleeping

Market #'s @ Closing Bell:

S&P: -3
DOW: -16
NASDAQ: -9.5
Rus2K: -4.95
TSX/S&P: +13
$VIX: -0.49


Internals:

Core Sector List: 13/3

- NYSE -
BREADTH: 1.1/1 to the Bulls
AD LINE: -417

- NASDAQ -
BREADTH: 1.1/1 to the Bears
AD LINE: -700

Today on the Marketbeat: Shhhh the Market is sleeping

Today was the definination of a truce between the bulls and bears. Possibly due to the enormous bullish day we witnessed yesterday, also it could be due to the bank stress test is coming later this week. So the market could be waiting on a piece of news or event to send it packing (up or down). This leaves us as swing traders sitting in the middle of the highway, wondering which way we should go towards. My advice would be to cut down position sizes, and hedge yourself properly.

Under the hood the market was relativly steady, the breaths split one to th ebulls and one to the bears while the ad lines both lost ticks, rounding it out the core sector list finished 13 over 3 to the bears.