Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +18
DOW: +124
NASDAQ: +40
Rus2K:
TSX/S&P:
$VIX: -0.64


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 5.8/1
AD LINE: +1350

- NASDAQ -
BREADTH: 3/1
AD LINE: +1000

Today on the Marketbeat: The Rally Continues...

So after an extended 2 day pullback across the equity markets, Monday turned out to show that the 20 day MA would prove to be at least short term support as stocks across the board rallied today, up as much as 2% in the case of the NASDAQ.

The reasons behind today's rally could be just a simple technical bounce, as the rally did take place on smaller volume, but that didn't seem to phase any investors from pushing stocks into the green today. The internals were a seas of green as the core sector list finished the day @ 16/0 to the bulls and the Breadths and Ad Lines closed the day near pegging the highs to the Bull side...

There is still alot of economic data to come out this week so almost anything can happen from here on in. But by the looks of how the price action finished near the highs one could imagine that the rally might continue at least to the prior highs before any serious resistance steps in.

Happy Trading