Today on the Marketbeat: Bearish with a slight chance of Bullish rallies

Market #'s @ Closing Bell:

S&P: +2
DOW: +44
NASDAQ: -9
Rus2K: -4
TSX/S&P: -256
$VIX: +1.25


Internals:

Core Sector List: 9/7 Bears

- NYSE -
BREADTH: 1.5/1 Neg
AD LINE: -530

- NASDAQ -
BREADTH: 2.4/1 Neg
AD LINE: -680

Today on the Marketbeat: Bearish with a slight chance of Bullish rallies

Today the week got off to an odd looking start. The market was down about 9 points on the ES Futures when the opening bell rang out, but somehow the bulls found a way to rally the market up to the highs of the sessions and peg them there at the close.

There is no data coming up tomorrow but the earnings season is beginning and could give us a good glimpse of what the big money investors think - rally or wood shed?

One of the interesting things today was how the bulls guarded the 880 level once again, as the S&P Futures hit 882 and didn't go closer than that today. I guess one could say if the market holds 880 we still are in the cautious mode until a break of that level or 915 tot he upside.

Happy Trading
Daiz'on End