Today on the Maketbeat:

Market #'s @ Closing Bell:

S&P: +16
DOW: +136
NASDAQ: +30
Rus2K: +15
TSX/S&P: +99
$VIX: -0.57


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 7.4/1
AD LINE: 1850

- NASDAQ -
BREADTH: 3.5/1
AD LINE:

Today on the Marketbeat: Meredith Speaks, The Marketbeat listens

Welcome to the Marketbeat..

It's been a couple days since I last blogged the ongoing ebbs and flows of the market. I took a lil time to get my bearings and now I'm back again.

The day and week got off to a bullish start, gaping up about 9 ES futures points on the opening bell, and held that gap, bouncing higher for the most part of the day. Just another rally day? well around 3:10, Goldman Sachs, and the ES Futures began pulling back stronger than normally, and then the news hit. Meredith Whitney said that she had not been this bearish since last year, which explained why the market had lost its footing on the rally into the closing hour. It might be easier to forget looking back to when she put a jump start into the bulls engines, giving steam to this current rally not so long ago so it should be interesting to see how her words today will react on the market to come.

The internals were very strong up until the pullback, hitting levels of 16/0 on the Core Sector List, and 23/1 on the NYSE Breadth at the highs. However; after the news hit the tape the internals began to taper off as well, closing at much lower levels. Also the VIX ($VIX) was only down $0.57 today also showing that with a big rally the fear is not ready to bow out just yet.

With economic data coming out tomorrow (PPI) it will be interesting to see how those words could impact the market.

Happy Trading