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Market #'s @ Closing Bell:
S&P: +4
DOW: +35
NASDAQ: +6
Rus2K: +
TSX/S&P:
$VIX: -0.30
Internals:
Core Sector List: 13/3 Pos
- NYSE -
BREADTH: 1.4
AD LINE: +460
- NASDAQ -
BREADTH: 1.3
AD LINE: +60
Today on the Marketbeat: A November to Remember
Well with the closing bell today rang the end of November 2009. With that we enter the final month of 2009, and close out one of the wackiest years in market action that I can remember.
The Market got off to somewhat of a bullish start, but moved off the highs and fell to the days lows by lunch. The market chopped and then moved up off the lows after this, almost pegging the highs by the closing bell, then moving off them once more. The market seems to have lost a bit of its bullish steam, but todays move off the lows shows that the bulls are far from gone for the holidays yet.
The internals were at parody for the most part of the day and closed at the highs, it should be noted that the final push to higher levels today were fueled by news from Dubai. If this news didnt hit the tape the market looked like it could of just coasted into the closing bell doing its chop fest impression
From the looks of the 3mth chart of the $SPX it seems that 1080 to 1100 would be the important level to keep our eyes on in the coming weeks, if either side is broken it could spell the next move up or down
Happy Trading



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