Thursday, June 18, 2009

Today on the Marketbeat: The taking of Spooze 915






Market #'s @ Closing Bell:

S&P: +7 (retook 918 on $SPX)
DOW: +57 (retook 8500 on DJIA)
NASDAQ: -1
Rus2K: +1.5
TSX/S&P: +33
$VIX: -1.43


Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 1.7/1 Pos
AD LINE: +500

- NASDAQ -
BREADTH: 1.5/1 Neg
AD LINE: -200

Today on the Marketbeat: The Taking of Spooze 915


Four o'clock on the dot; Eastern Time, on Thursday June 18th - the Bell rings across exchanges and platforms across the world. The day comes to a close on a slightly Bullish, very choppy day. The biggest thing to take out of today is the retaking of key levels on the S&P and Dow, the degree to which the retaking of these levels holds is yet to be seen.

What we did see today was a choppy inside day that saw the internals call it a draw, for the second day in a row the sweet 16 core sector list closed the day 8/8, while the NYSE & NASDAQ AD Lines and Breadths also split the day coming in positive on the NYSE and Negative for the NASDAQ.

Research in Motion (RIMM) is releasing their earnings as of the writing of this blog. The street estimate was 93 cents and upon looking at the price action it is down 5% but we will see what happens over the night. KMX is posting their earnings tomorrow and it is also Triple witching expiry so trade nimble. Happy Trading...

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