Thursday, August 6, 2009

Today on the Marketbeat:




Market #'s @ Closing Bell:

S&P: -6
DOW: -25
NASDAQ: -16
Rus2K: -7
TSX/S&P: -200
$VIX: +0.77


Internals:

Core Sector List: 13/3 to the Bears

- NYSE -
BREADTH: 1.1/ Neg
AD LINE: -320

- NASDAQ -
BREADTH: 2/1 Neg
AD LINE: -500

Today on the Marketbeat: The Bears show their teeth.

Today the market sold off after gaping higher and filling that gap. Although the numbers on the index's weren't overly Bearish - Stocks still felt the squeeze, with big names down 2-3-4%. The Internals basically told the story, bearish but not trap door, elevator going down bearish. Tomorrow we have a bevy of economic information coming out and they could spark a bigger move in the market to the downside, or rally off better than expected news.

Happy Trading

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