Today on the Marketbeat: Down or Up?

Market #'s @ Closing Bell:

S&P: -1
DOW: +1
NASDAQ: -7
Rus2K: -4
TSX/S&P: -30
$VIX: -0.02


Internals:
Today's Internals were: BEARISH

Core Sector List: 10/6 tot he bears

- NYSE -
BREADTH: 1.3/1 Neg
AD LINE: -775

- NASDAQ -
BREADTH: 1.3/1 Neg
AD LINE: -610

Today on the Marketbeat: Up or Down?

Wow what a way to cap off the week and my return to the Marketbeat. As you might of noticed its been very quiet around here as of late and it is not without reason. I recently have been a bit under the radar concerning my trading game. So I took some time off to get my head back in the game. Sometimes the best thing a trader can do is walk away from it for a lil while and get your bearings.

Moving on to the market, today the market started the week off with a solid swing to the downside, taking the price action very close to the Support Pivot #2. However a large, volume packed surge right after the 3pm reversal left all the Bears scrambling to short, while those waiting to get long got long in a hurry. The day ended off with some profit taking that left the top line figures in the red for the day with the exception of the Dow that gained a measly point.

The internals were mostly bearish throughout the day but screamed bullish while the buying pressure hit. The day closed with the internals sitting bearish but not so bearish in comparison to how most of the day went.

It is going to be a slow week announcement/news wise as most large cap names have released earnings already so watch the volume with any move we see this week. today's volume wasn't that big, so it makes the day more volatile.