Monday, December 7, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: -2.5
DOW: +1
NASDAQ: -5
Rus2K: -0.23
TSX/S&P: -16
$VIX: +0.94


Internals:

Core Sector List: 11/5 Negative

- NYSE -
BREADTH: 1.3/1 Neg
AD LINE: +280

- NASDAQ -
BREADTH: 1/1
AD LINE: +55

Today on the Marketbeat: 'Some Chop with that?

Monday, December 7th was a bit of a lack luster start to the week, after seeing many gap opens in the past couple of weeks. The market was range bound for most of the session, moving between 1104 and 1110 on the ES. Around 2:30pm the ES broke to the downside, hitting new lows for the day hovering around those levels untilt he final minutes when it mustered up some bullish candles, mostly likely due to short covering.

The internals were a mixed bag today, with it showing the holiday spirit with red and green all over the place. To put it simple, the market is a traders market until it shows its hand to the upside or downside.

The is no economic data slated for release tomorrow so we could be in for another choppy day unless something hits the tape to move the market.

Happy Trading



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