Tuesday, August 4, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell

S&P: +3
DOW: +33
NASDAQ: +2.7
Rus2K:
TSX/S&P:
$VIX: -0.57


Internals: BULLISH

Core Sector List: 10/6

- NYSE -
BREADTH: 2/1
AD LINE: 670

- NASDAQ -
BREADTH: 1.5/1
AD LINE: 350

Today on the Marketbeat: The market continues to climb.

With 1000 on the S&P reclaimed, the market looked poised to open lower today and it did just that - gaping down 5 ES futures points (S&P500) on the opening bell. However, with corrections all in mind, the bulls were looking to hold that area, climbing steady off the lows, upward for most of the day hitting new highs once more. Around noon the bulls seamed to run out of juice, hitting a high of 1004 on the ES, then tapering off into the afternoon session, but the market found another support level around 997, bottomed out and rallied to the highs into the close.

The internals were modestly bullish throughout the day, which is a good reason as to why the market held up, and rallied into the close. The Core sector list fluctuated all day, closing around the highs @ 10 over 6 to the bulls, while the breadths (which is the king internal) barely closed at 2 to 1 on the NYSE & 1.5 to 1 on the NASDAQ.

There is a bevy of market related news/info coming out this week: ADP Employment, Non Farm payroll, Initial Claims are some that could spark a move in either direction.

Earnings: Tonight - CEPH / ERTS / CTRP / KFT | Tomorrow: BYD / PG / RIG / CSTR |

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