Today on the Marketbeat: As the Market Turns

Market #'s @ Closing Bell:

S&P: -90

DOW: -9

NASDAQ: -25 

RUS2K: -4

TSX/S&P: -15 

VIX: -1.77

Internals:

Core Sector List: 12/4 Bears

NYSE

BREADTH: 2.6/1 Bears

AD LINE: -1300

NASDAQ

BREADTH: 4.3/1 Bears 

AD LINE: -800

Today on the Marketbeat: As the Market Turns

Another day, some more losses on the broad exchange today. With early signs pointing today's action to the upside, with a solid opening gap; one could of assumed today might of been that bounce day we were watching for on the markets. However, today was more of a Bear trap than anything, bringing in those buyers then taking the market down progressively through the afternoon. The Dow Futures tests the November lows, so one could assume that the S&P futures should do the same in the near future. 

Under the hook the internals came in with a bearish overtone, The Breadths closed at 3/1 (NYSE) and 4/1 NASDAQ. The Ad Lines tacked on about 1000 ticks each lost and rounding the internals out the Vix dropped almost 2 pts today which maybe speaks that all of this is being priced in. Lastly the core sector list closed at 12/4 to the bears.

This weekend I will be working on my all new blog page The Marketbeat: Ebbs & Flows. This is my crack at an educational blog for the everyday person. Whether you know little about the markets and would like to expand or you have knowledge of the Market's but would like to learn how to trade them short term, Ebbs & Flows is the place to be

The Marketbeat: Ebbs & Flows

Today on The Marketbeat: Day of the living Chop

Market #'s @ Closing Bell:


S&P: Flat
DOW: +4
NASDAQ: -2
RUS2K: -4.73
TSX/S&P: -187
VIX: -1.54


Internals:

Core Sector List: 11/5

NYSE
BREADTH: 1.9/1 Neg
AD LINE: -1200 ticks

NASDAQ
BREADTH: 1.2/1 Neg
AD LINE: -750

Today on the Marketbeat: Day of the Living Chop

It seems the market is trying to play a game of cat and mouse with the fashion it has been moving in the last few trading sessions. After yesterdays big drop, followed by major choppage, the market continued where it left off chopping around for the most part of today's intra-day trading. The market closed literally ever so slightly higher up half a point on the S&P futures and about 20 pts on the Dow Futures.

Under the hood the bears barely grasped onto the control as the bulls attempted to stop the free fall from continuing. The Vix dropped in today's action which is an interesting case seeing how the market didn't follow. The Breadths closed down @ 2/1 on the NYSE and 1.2/1 on the NASDAQ; fair improvements on the prior day. Rounding out the internals the AD Line finished down 1200 ticks on the NYSE and down on the NASDAQ.

Today on The Marketbeat: Long Weekend Woes

Market #'s @ Closing Bell:


S&P: -37
DOW: -297
NASDAQ: -63
RUS2K: -19
TSX/S&P: -299
VIX: +5.73


Internals:

Core Sector List: 15/1 Neg, Only gold up

NYSE
BREADTH: 19/1
AD LINE: -2660 ticks

NASDAQ
BREADTH: 3.5/1
AD LINE: -1800

Today on the Marketbeat: Long Weekend Woes

After a long weekend celebrating Presidents day, The equity markets got off the a slippery start today as the day opened with a solid gap, down about 20 pts on the S&P futures (/ES). The rest of the day was a lot of chatter up and down, with the markets bottoming out on the S&P's early but making near lows towards close. Internals were a bearish confirmation on the day as we break the 800 support with volume and conviction. Any rally should be looked at closely for a chance to short again against the prior support. The weekly pivot of 782 might act as a short term support for a dead cat bounce type of situation.

It seems we might be in a correction process and may retest those lows sooner than later. Either way, bullish or bearish we as active traders will find a way to play. To anyone who is frustrated with the market action, keep your head up, tomorrows always another day to trade.

Happy trading!