Monday, August 24, 2009

Today on the Marketbeat:

From


Market #'s @ Closing Bell:

S&P: -0.5
DOW: +3
NASDAQ: -5
Rus2K: -2.25
TSX/S&P: -61
$VIX: +0.21


Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 1.28/1 Pos
AD LINE: +70

- NASDAQ -
BREADTH: 1.27/1 Neg
AD LINE: -220

Today on the Marketbeat: What happens Next?

Today's trading got off to a very nice bullish start as the rally looked to continue, but as we all know things can change fast in the market, and during the lunchtime session the market sold off sharply losing all the gains but not pushing the bulls to cover into a bearish drop. The Market finished slightly lower but had a bearish vibe to it. But with one look at the internals you get the idea that neither side today was in control

The Core sector list finished the day split down the middle half in the green half in the red (a Christmas tree formation in the trading world), while the NYSE internals finished in the green and the NASDAQ finished in the red. An overall interesting day as many stocks put in bearish reversal signals, the only thing left is to see if there will be confirmations

Alot of Unusual Option activity today, Check it out...

FRE: unusual options last week, sept 2's over 3300 - Today it is @ 2.12 / FMN: 5x the amount calls over puts - 36k of Sept 2's / GNW: 7k of Sept 10's / SPLS: Calls ahead of interest for earnings - Sept 24's 4500 contracts today / DELL: earnings this week, Sept 15 calls / TIF: @ new 1 yrs highs today, Sept 30 calls / XL: over 4000 calls, 17.5 most notable / AMAT: OCT 14 calls, 11,000 / XHB: sept 15 calls /\ CAG: Dec 20 puts / GGB: Dec 10 puts, 4700 contracts / BMO: Dec 45 puts / XLNX: 5400 puts vs 900 calls - Sept 22.5's (3000)

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