Today on the Marketbeat: Big Wednesday Rally

Market #'s @ Closing Bell:

S&P: +27
DOW: +256
NASDAQ: +56
Rus2K: +17
TSX/S&P: +228
$VIX: +1.02


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 24/1
AD LINE: 2470

- NASDAQ -
BREADTH: 14/1
AD LINE: 2000

Today on the Marketbeat: Big Wednesday Rally

Wow, with the big head and shoulders forming on some of the major indexes, many investors including myself were watching for a possible break down in the market, What we got today was the exact opposite. The Market opened today gaping up huge, about 11 ES points to the upside, and never looked back. It continued to climb until the last minutes of the day, almost pegging the highs of the day.

Internally, the market was all bulls, with the breadths, ad line and core sector list all in the green. Seems like whenever the media begins to talk about price patterns the exact opposite happens and a short squeeze the size of Texas occurs.

Happy Trading