Today on theMarketbeat:

Market #'s @ Closing Bell:

S&P: -12
DOW: -88
NASDAQ: -34
Rus2K: -5.55
TSX/S&P: +227
$VIX: -0.19


Internals:

Core Sector List: 10/6 to the Bears

- NYSE -
BREADTH: 1.3/1 Neg
AD LINE: -800

- NASDAQ -
BREADTH: 3/1 Neg
AD LINE: -667

Today on the Marketbeat: The itsy-bitsy Spyder's


Today the Markets attempted to rally further off the highs it made for itself yesterday. However after opening up over our daily pivot and Value are high. The market did hold this area until the lunch hours. Once we tested the Value area high (767 on the ES) we bounced then fell through this level and hit the daily pivot point. after this the markets began to sell off and the Futures lost the pivots and dropped big moving lower closing near the lows of the day. This is my first day using Value Area's and can say they add an extra element to using pivots for day trading. Today brought many nice opportunities day and swing.

Under the hood, the internals opened up decently strong, however lost all of that strength as the day went on. The internals closed near their lows of the day. The NYSE internals looked like this: Breadth 1.3/1 Negative, Ad line: minus 800 ticks and the NASDAQ internals closed at 3/1 negative on the breadth and minus 667 ticks on the Ad Line.

Tomorrow is going to close out yet another week of this new year as the markets struggle to hold onto any gains.

Today on the Marketbeat: Close but no rally v2.0

Market #'s @ Closing Bell:

S&P: -8

DOW: -80

NASDAQ: -16

RUS2K: -6

TSX/S&P: +121

VIX: -1.85

Internals:

Core Sector List: 14/2 to the Bears

NYSE

BREADTH: 2/1 Neg

AD LINE: -774

NASDAQ

BREADTH: 1.77/1 Neg 

AD LINE: -1000

Today on the Marketbeat: Close but no rally v2.0

Today was an interesting day to say the least. After 8 consecutive losing days on the Markets, they found support and managed to rally yesterday off solid internals. The number to watch was 775 and 755 on the S&P futures the (/ES). Both these lines played a big role in today's price action as the support of 750 was held and a late day rally attempt put the markets over the 775 level for a short period until the markets took their profits and ran into the close. 

Under the hood the market held up well over all today, as signs of the bulls have come slowly back into the picture. There should be no doubt we probably will retest lows but if the bulls can give it some more juice we could see a short term pop up that would be great for swing/gorilla trading. The Breadth closed in at 2/1 Negative on both NYSE and NASDAQ, the AD LINES performed well rallying most of the day only to fall with the market towards the close...giving up about 800 ticks a piece. Oddly enough the Vix lost about 1.5 points today showing that even though we didn't go up the fear let up a bit today.

Till next time, Happy Trading

Today on the Marketbeat: Grand McRally

Market #'s @ Closing Bell:

S&P: +30

DOW: +236

NASDAQ:+ 54

RUS2K: +18

TSX/S&P: +211

VIX: -7.13

Internals:

Core Sector List: 15/1 to the Bulls

NYSE

BREADTH: 12/1 Pos

AD LINE: +2250

NASDAQ

BREADTH: 6.7/1 Pos 

AD LINE: 1340

Today on the Marketbeat: Grand McRally

Today the question many market participants were pondering "How much lower will we go?" got a short term answer as the Us Equity markets rallied off 12 yr lows Tuesday. The day got off to a normal choppy start as the markets were range bound between 745 and 756 approx. However, around 1pm the markets shot off to new highs with a solid back up internally. The S&P futures closed the day up  

Under the Hood the market internals put in a solid backdrop for the markets to rally off of, with the Breadths closing in at their highs 12 & 6.7 to 1 on the NYSE and NASDAQ respectively. The Ad Lines closed at their highs as well at +2258 (NYSE) & +1340 (NASDAQ).

The next question we should ask is could this rally continue, or do we fade it and look for short ideas? As always its something to question overnight and let the markets answer. Till then maybe write out a simple "If the market ___ then I will ___" scenario...it's what I'll be doing tonight. 

Happy Trading

P.S. Be sure to keep a keen eye out for updates and educational info on my new blog: Ebbs&Flows

Today on the Marketbeat: New day new lows..

Market #'s @ Closing Bell:

S&P: -26

DOW: -250

NASDAQ: -53

RUS2K: -16

TSX/S&P: -302

VIX: +3.32

Internals:

Core Sector List: 15/1

NYSE

BREADTH: 3.7/1 Negative

AD LINE: -2200 Ticks

NASDAQ

BREADTH: 5.5/1 

AD LINE: -1500 Ticks

Today on the Marketbeat: New day, New Lows

Today's actions took the market into further oversold territory as the stimulus package strives to make its impact felt. The trend for today was lower all the way throughout the day. Having not followed the market today as I usually have I will only report the recap.

Under the hood was all Bears today as the Breadth, Ad Line. core sector list and VIX all came in at very bearish readings.