Today on the Marketbeat:

From

Market #'s @ Closing Bell:

S&P: +10.5
DOW: +70
NASDAQ: +20
Rus2K: +6
TSX/S&P: + 19
$VIX: -1.22


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 5/1 Pos
AD LINE: 1300

- NASDAQ -
BREADTH: 2.4/1 Pos
AD LINE: 780

Today on the Marketbeat: 4 Down, 1 to go

With 4 days down this week, 1 day remains as options expiry day draws near. As is somewhat common knowledge in the active trader world, options expiry week is often times very volatile as the options for that front month expire. This week has been somewhat volatile, starting lower and bouncing with some strength off Monday's lows. The Internals helps back up today's rally higher as they all closed in the green - with the core sector list 16 to 0 on the bulls side, as well as both breadths well into bullish numbers.

Just because the market has guarded support levels as of late does not guarantee that it will continue to climb, however, when the internals back up the moves and things still point to the upside being the path of least resistance, one must stay with the flow. Put:Call ratios are currently favouring the bulls so until something changes we remain bullish.

Happy Trading