Monday, July 20, 2009

Today on the Marketbeat: Highest Close since Nov '08




Market #'s @ Closing Bell:

S&P: +10
DOW: +104
NASDAQ: +22
Rus2K: +7
TSX/S&P: +158
$VIX: +0.02


Internals:

Core Sector List: 15/1

- NYSE -
BREADTH: 3.3/1
AD LINE: 1600

- NASDAQ -
BREADTH: 4.6/1
AD LINE: 980

Today on the Marketbeat: Highest Close since Nov '08

After a bullish bias last week, The market looked poised to open up continuing that bullish trend. The market gaped up on the opening bell, filled that gap within the mornign hours of trading then quickly continued its upward bias. Closing at the highest levels since November of last year.

What gave traders the edge today ? aside from knowing stocks that might be tradign earnings today, the internals were the 'guiding light' so to speak as they gave traders the inside look at how strong the market really was today. The core secotr list closed the day 15 to 1, with the bank sector being the only in the red, and just barely. The Breadths and A/D line closed the day near the highs giving way to the little pop towards the end of the day.

Happy Trading


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