![]() |
| From |
Market #'s @ Closing Bell:
S&P: 10
DOW: 81
NASDAQ: 25
Rus2K:
TSX/S&P:
$VIX: -1.70
Internals:
Core Sector List: 15/1
- NYSE -
BREADTH: 5.5/1
AD LINE: 1771
- NASDAQ -
BREADTH: 4.5/1
AD LINE: 1260
Today on the Marketbeat: The Market rallies, but is it enough?
After Monday's sell-off, Traders were looking for the market to either continue or bounce today, and since the markets seemed to have hit their low early in the session, traders were looking for a bounce. The Markets opened up modestly higher and slowly pushed up towards the old support of 990 on the ES futures. However that old resistance turned support turned back into resistance today as the S&P futures were not able to climb over 990 on the dot. So what do we take from this? We could take it that 990 might act as a short term high lever we have to break over before the market continue higher. Or it could just mean the market is good where it is now and continue to flounder around. Lastly it could mean that the 990 level will act as a strong resistance and the market could slide lower. Three posibilities, but let the market show u its hand first
Unusual Options: TRLG sept 22.5 calls / SLE: jan 10 calls / MTW: Jan 2001 - 30k jan 15 calls / IAT: oct 18 puts /



No comments:
Post a Comment