Monday, August 10, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: -3
DOW: -32
NASDAQ: -8
Rus2K: -0.32
TSX/S&P: -81
$VIX: +0.26


Internals:

Core Sector List: 10/6 to the Bears

- NYSE -
BREADTH: 1/1
AD LINE: -150

- NASDAQ -
BREADTH: 1.1/1 Pos
AD LINE: -80

Today on the Marketbeat: Another choppy Monday

As you can see with a quick glimpse of the closing numbers, you can see that the market was range bound in a slightly bearish chop fest today. The SPY hit the low of the range today and rallied into the close off of that level. Although the overall tone of today was Bearish, the market still does not want to relinquish the gains it has so beautifully tacked on since the July lows.

Under the hood was a bit confusing with the internals being very much split down the middle. Today was an example of S.O.H (Sit On Hands), assuming your not day trading.

Tomorrow the monster truck comes to town as the FOMC minutes come out @ 2:15 in the afternoon, and the language will be very important to the institutions.
Check Spelling
Happy Trading

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