Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -27
DOW: -203
NASDAQ: -65
Rus2K: -
TSX/S&P: -
$VIX: +2.80


Internals:

Core Sector List: 16/0 Neg

- NYSE -
BREADTH: 19/1 Neg
AD LINE: -2000

- NASDAQ -
BREADTH: 13/1 Neg
AD LINE: -1500

Today on the Marketbeat:

Today the markets finally gave into the selling pressure as the equity markets fell over 2% across the board. The sell off was initially lead by bad home sales numbers and continued as more data came out that investors clearly didn't like. The market was bearish for the whole day as internals kept going lower even when the market was just going sideways, up until the market caught up and hit new lows going into the closing bell. With a sea of red on all sectors today was the day the bears have been waiting for, that mythical pullback that everyone has been expecting for weeks (months for some).

We'll see if the selling pressure continues into the weekend or if the markets will find a level for the bulls to buy back into, but with the amount of negative internals and red across the board it seems were more likely to chop around than see another huge sell off.

Happy Trading