Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +4
DOW: +51
NASDAQ: +10
Rus2K:
TSX/S&P:
$VIX: -0.93


Internals:

Core Sector List: 12/4 Pos

- NYSE -
BREADTH: 1.2/1 Pos
AD LINE: +300

- NASDAQ -
BREADTH: 1.8/1 Pos
AD LINE: +11

Today on the Marketbeat: Snow Storms and Choppy markets

Wednesday looked like the bears were finally getting a grasp on those pesky bulls, however, the leadership of tech today led the way higher as the bulls came back and put the market higher towards the end of the session. RIMM + AAPL + GS were the leaders today, as the afternoon proved to be to the bulls as they closed the day near the highs after hitting 1096 on the ES (off the lows of 1086).

The internals were down and then up as the breadth screamed higher as the tech heavy NASDAQ chugged upwards while the ES was still holding the S1 pivot tot he downside. As a result of all these buy programs hitting the market rose of the lows and closed higher.

So this leaves us about exactly where we have been sitting for the past 3 weeks in that area of 1100 to 1080 on the ES as we continue to channel between those highs and lows waiting for this holding pattern to shoot out either way, and considering that the holidays are right around the corner one could say that we might continue this sideways holding pattern until January.

Here are some unusual options:

DRQ - jan 60 calls / MOT - jan 7.5 puts / TSO: Jan 12.5 / BRCD: dec 8 calls / lulu: 25 puts

Happy Trading