Thursday, June 25, 2009

Today on the Marketbeat: The taking of Spooze 915...again



Market #'s @ Closing Bell:

S&P: +19
DOW: +172
NASDAQ: +37
Rus2K: +12
TSX/S&P: +246
$VIX: -2.64


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 8/1 Pos
AD LINE: +1900

- NASDAQ -
BREADTH: 7.5/1 Pos
AD LINE: +1700

Today on the Marketbeat: The taking of Spooze 915...again

After a lackluster couple of days in the market this week, the Bulls finally found their footing and posted a solid rally across the whole board. The internals closed very strong as the market closed near the highs of the day. What made today a little more bullish was the fake out before the close of the market, giving the market a close above 915 again. This could lead to more rallying to close the week but that shall be seen if it does lead to more buying. If it does we could witness a retest of 950 on the SPX and see the VIX fall even lower. If the selling continues we could see 880 retested in the coming days.

Happy Trading

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