Today on the Marketbeat: The market makes its move

Market #'s @ Closing Bell:

S&P: -22
DOW: -186
NASDAQ: -42
Rus2K: -15
TSX/S&P: -229
$VIX: +2.64


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 14/1 Neg
AD LINE: -2100

- NASDAQ -
BREADTH: 3.3/1 Neg
AD LINE: -1600

Today on the Marketbeat: The market makes its move

The week got off to a bearish start today as the equity markets fell sharply on the opening bell and didn't look back there after, bottoming out near S2 around 915 (low of day) on the /ES. The dollar rallied into the close of today's intra day action while the equity markets dropped out of their consolidation pattern.

The internals were a sea of red today as they closed all negative. The Core Sector list came in at 16-0 to the bears while the breathes were both in the red on the NYSE & NASDAQ.

Investors should keep a keen eye on 915 on the S&P /ES Futures. This is the level in the sand we should keep in mind come tomorrows trading action, if this level is broken with conviction (volume and time) we should look to adopt some bearish positions.