Thursday, September 10, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: +10
DOW: +80
NASDAQ: +20
Rus2K: +10
TSX/S&P: +130
$VIX: -0.75


Internals:

Core Sector List: 14/2

- NYSE -
BREADTH: 3.7/1
AD LINE: 1550

- NASDAQ -
BREADTH: 4/1
AD LINE: 1100

Today on the Marketbeat: Another new high

The rally continues as across the broad market, new highs were hit today as there doesn't seem to be a logical end to this rally. One red flag for Bulls is the fact that the market made this new high on slightly weaker volume. But just because the new highs were made on weaker that like to be seen volume, that doesn't mean you cant trade this rally, You just have to make sure you are more nimble and lock in profits quicker.

The internals were once again that sign to help us traders stay on the right side of the trade as they all ripped to new highs into the close. One small shake out before the break out was barely noticeable on the internals as they often are the first sign to chinks in the armor.

There is a couple of economic reports coming out tomorrow so stay nimble on open longs and possibly scan from some short ideas for next week.

Happy Trading

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