Tuesday, September 8, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: +9
DOW: +56
NASDAQ: +19
Rus2K:
TSX/S&P:
$VIX: +0.40


Internals:

Core Sector List: 12/4

- NYSE -
BREADTH: 2/1
AD LINE: 1470

- NASDAQ -
BREADTH: 3.2/1
AD LINE: 600


1010 support

Today on the Marketbeat:


The market opened up today on a gap up and didn't look back much there after. However with the 2nd pivot point being locked at 1025 on the ES futures, the market couldn't muster enough strength to push through that level. The internals were mostly bullish with the core sector list closing the day @ 12 over 4 to the bulls. The Breadths closed at the high of the day while the AD Lines tacked on decent gains. There is some economic data coming out this shortened trading week and 1010 should be watched as a level of support (action point) assuming the market wants to take a lil plunge lower.

Happy Trading

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