Today on the Marketbeat: Bullish is the new Bearish

Market #'s @ Closing Bell:

S&P: +22
DOW: +185
NASDAQ: +37
Rus2K: +10
TSX/S&P: +104
$VIX: -3.41


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 10.3/1 Pos
AD LINE: +2040

- NASDAQ -
BREADTH: 6/1 Pos
AD LINE: +1240

Today on the Marketbeat: Bullish is the new Bearish

This week got off to an explosive start as the bulls stepped in, in a major way as the broad equity markets saw a huge rally today. The market closed pegging the highs, with big help from the internals. It's been a little while since the the market saw a rally that was backed by internals and pegging the R3 levels. The breadth helped out big time closing @ the highs, 10 to 1 on the NYSE and 6 to 1 on the NASDAQ. The AD Line backed up the breadth closing at the highs of the day @ +2000 ticks on the NYSE.

One thing to keep in mind after such a big rally is that this is earnings season, and with alot of big names still waiting to release, we have to stay nimble as words on earnings can change the dynamics of the market in minutes.

Happy Trading!
Daizon End