Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -22.5 (lost 1000)
DOW: -185 (2%)
NASDAQ: -40
Rus2K: -14
TSX/S&P: -188
$VIX: +3.14


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 15/1
AD LINE: -2000

- NASDAQ -
BREADTH: 6/1
AD LINE: -1500

Today on the Marketbeat: A change in tide....

Today was the day most traders were waiting for, 3 weeks ago. The Market finally gave way below as the market dropped about 2% across the board. The thing that makes this interesting is that the market dropped hard on very good ISM data that was released this morning. The market had the mother of all head fakes, driving higher to fill the gap in the morning only to pull a sky diving act after the ISM data was released bringing the market down hard across all sectors.

The internals and pivots gave us traders a heads up as they turned out to be pretty spot on to help us stay ahead of the huge wave of selling. Ill be the first to admit that today's bearishness was a big surprise especially after the market filling the gap and showing signs of bullishness. The market (SPX) is now sitting below 1000 and right about on the level of support.