Today on the Marketbeat: Market continues to slide

Market #'s @ Closing Bell:

S&P: -17 to 881
DOW: -161 to 8,163
NASDAQ: -41
Rus2K: -8
TSX/S&P: -167
$VIX: +1.91


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 5/1
AD LINE: -1690

- NASDAQ -
BREADTH: 6/1
AD LINE: -1500

Today on the Marketbeat: Market continues to slide

The slide that began yesterday on the equity boards continued today. The support level on the S&P 500 (880) was broken for a small amount of time today but closed slightly above that level (~881). If the market closed below that level we could have seen a broader seen pullback across the board because all the investors that were "late to the party" would be wrong and need to cover creating a slide that would be huge. However since we still are over that level we have to be nimble, because the market has rallied off this level before.

Under the hood the market was full bearish mode - core sector list closed all bearish 16 to 0 while the breadths and ad line were also very bearish today

Tomorrow watch the 880 level on the S&P 500 ($SPX)

Happy Trading