Tuesday, June 23, 2009

Today on the Marketbeat: S.O.H



Market #'s @ Closing Bell:

S&P: +2
DOW: -16
NASDAQ: -1.25
Rus2K: -2
TSX/S&P: +30
$VIX: -0.60


Internals:

Core Sector List: 10/6

- NYSE -
BREADTH: 1.5/1
AD LINE: -150

- NASDAQ -
BREADTH: 1/1
AD LINE: -500

Today on the Marketbeat: S.O.H

After a whallop of a start to the week yesterday, the market took a breather today chopping around all day within a 9 pt channel on the ES (S&P500). The biggest movers today were stocks that have been whooped the past week or two bouncing off their lows. The market may have been calm due to the FOMC minutes comign out tomorrow but with the rates expected to remain the same, it may have just been after a huge bearish open, the sellers and buyers just needed to take a day to see where the market stands.

Internals were split down the middle with the core sector list closing slightly bullish while the breadthe and AD Lines were pretty much at parady.

Till tomorrow keep your eyes on the internals and Happy Trading....

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