Today on the Maketbeat:

Market #'s @ Closing Bell:

S&P: +15
DOW: +132
NASDAQ: +30
Rus2K: +8
TSX/S&P: +24
$VIX: -0.99


Internals:

Core Sector List: 15/1 Pos

- NYSE -
BREADTH: 4.6/1
AD LINE: 1660

- NASDAQ -
BREADTH: 3/1
AD LINE: 900

Today on the Marketbeat: Morning gaps, Afternoon drifts

The week got off to another bullish start, gaping up a sizable amount once again. With a plus 10pt gap up the market did move off these highs hitting a high of 1111.5 but in the afternoon the market moved lower for the rest of the day, chopping around in the last 45 minutes. This gives us a move off of last weeks lows but leaves the market with a close off the highs.

The internals were flying in the morning hitting levels of 30 to 1 on the NYSE Breadth in the early hours, however they tapered off the highs significantly into the close, closing at 4.6/1 and 3/1 on the NYSE and NASDAQ respectivly. The core sector list closed at 15/1 for the bulls.

Todays trading action shows us the bulls are still in the game, but they are definatly not showing the full force that they once had, this is shown on a daily chart where the close is decently off the highs. It should be interesting to see how this short week concludes.


Happy Trading