Today on the Marketbeat: Market rallies to yesterday's high

Market #'s @ Closing Bell:

S&P: +13

DOW: +106

NASDAQ: +27

RUS2K: +6

TSX/S&P: +145

VIX: -0.26

Internals:

Core Sector List: 16/0

NYSE

BREADTH: 2.5/1 Pos

AD LINE: +789 ticks (2300 tick swing off lows)

NASDAQ

BREADTH: 5/1 Pos 

AD LINE: +800 (1400 tick swing off lows)

Today on the Marketbeat: Market rallies to yesterday's high

Another interesting day in the US Financial forum as the broad exchanges rally off their intraday lows. The opening was a flood of negativity, very news driving however the market quickly found a bottom and rallied to the highs of yesterday. The market would make this area its support/shelf area for the day as once it reached this pinnacle it didn't move too much either way. 

Under the hood the internals were very bullish, coming off the bearish start of the day. The Breadth recaptured its broken breadth and closed on its highs @ 2.5/1 (NYSE) and 5/1 (NASDAQ). The AD Lines were strong today, rallying off their lows and putting in a very solid swing from lows to highs (2200 tick swing on the NYSE alone). Rounding up the internals the VIX dropped slightly today. 

Today on the Marketbeat: The Market enters rehab....

Market #'s @ Closing Bell:

S&P: -5

DOW: -120

NASDAQ: +1.3

RUS2K: -3

TSX/S&P: +74 

VIX: +0.88

Internals:

Core Sector List: 9/7 to the Bulls

NYSE

BREADTH: 1.4/1 Bears

AD LINE: -411

NASDAQ

BREADTH: 1.56/1 

AD LINE: 200

Today on the Marketbeat: The Market enters rehab....

What do you get when you mix an Equity market with Choppy, wild swings? A market that eerily resembles Amy Winehouse....That is to say that the market needs to go to Rehab. The day got off to a solid start, moving off the highs of yesterdays swing - making its way to the R2 resistance. Cue in lunchtime, and the wild pullback the market witnessed during that time span. Many times the market will rally or retrace off lows or highs, but rarely do we see a market retrace/rally away all of the days move...like we have witnessed today. The market closed near its lows, around 829 on the ES .

Under the hood was kinda similar to being in line at McDonald's, you always know whats on the menu but always seem to have trouble making a choice. The Breadth's battled Bulls vs Bears with it closing / to the Bears. The AD line jumped to highs only to sell them off closing @ - 400 ticks. Filling out the internals, the VIX picked up 88 cents.

Today on the Marketbeat: Wallstreet Rallies without Banks

Market #'s @ Closing Bell:

S&P: +12

DOW: +140

NASDAQ: +21 

RUS2K: 

TSX/S&P: 

VIX: -2.55

Internals:

Core Sector List: 14/2

NYSE

BREADTH: 1.6/1 Pos

AD LINE: +645 Ticks

NASDAQ

BREADTH: 2.5/1 Pos 

AD LINE: +410

Today on the Marketbeat: Wallstreet Rallies without Banks

Today was an interesting day for intraday action. The markets got off to a decent start today only to be met with extreme selling to the pivot point. That Pivot would prove to be a valuable area of support of the markets as the ES turned to rally off that pivot and make higher highs into the after noon, closing near the highs of the day around R2 on the S&P. What made this rally impressive and in some lights put up a red flag is that the markets did this rally without any big banks participating, so imagine if the banks had participated. This gives way to caution as the markets that rally without the banks usually see it short lived. Only time will tell.

The internals were all over the table, starting with the breadths. Starting off slightly bearish only to give up both breadths to the bulls a lil after lunch time as the NYSE and NASDAQ breadth showed some relative strength today. The AD Lines tacked on some modest gains, with the NYSE AD Line moving over 1200 ticks today from high to low. Closing out the internals the vix dropped 2.5 points today. 

Ideas: With crude at an important action point here's some crude ideas.

Long: FTI / OII / RIG

Short: OIH / BJS / HAL / WLL / DO

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +1

DOW: -64

NASDAQ: +20

RUS2K: +6

TSX/S&P: -83

VIX: +0.60

Internals:

Core Sector List: 9/7 Bulls

NYSE

BREADTH: 1.4/1 Neg

AD LINE: -250

NASDAQ

BREADTH: 1.8/1 Pos

AD LINE: 200

Today on the Marketbeat: February gets off to an interesting start

Well the market opened up February trading with an interesting intra-day trading session. The Markets opened lower but quickly filled that gap within the hour. The markets then rallied near the important line in the sand on the ES of 825, closing near this area. The Market rallied and sold off almost the whole day but did close near the short term action point of 823.5. Could this be a start of a short term Bull rally? only time will tell. 

Under the hood, the internals had their work cut out for them today. The Breadth witnessed some wild swings during the day, with the bulls almost closing into positive breadth on the NYSE, and breaking into and closing on positive breadth on the NASDAQ. The AD Line opened the day at the lows and rallied higher for the most part of the day, closing the day about 200 ticks down. Closing the internals the VIX tacked on minor gains as the market closed near a flat finish.