Today on the Marketbeat: Federal Viagra

Market #'s @ Closing Bell:

S&P: +16
DOW: +90
NASDAQ: +16
Rus2K:+14
TSX/S&P: +69
$VIX: -0.74


Internals:

Core Sector List: 15/1 Positive

- NYSE -
BREADTH: 8/1 Positive
AD LINE: +1700

- NASDAQ -
BREADTH: 8.6/1
AD LINE: +1100

Today on the Marketbeat: Federal Viagra

Welcome to the Marketbeat for March 18th 2009 - Today the FOMC minutes were the tale of the tape, for yet another day the Fed got the market up; but couldn't keep it up. The markets had a steady upwards climb intra-day up until the Fed minutes. After the talk the markets had a steady shot to the upside, hitting the 800 psychological level. However, these were short term highs for the day as profits were taken heavily into the close, taking back much of the big gains. Even though the profits were taken away towards the end the markets did hold resistance pivots levels 10 pts off the highs (800 on the ES). Today was an interesting intra-day.

Under the hood the internals closed today with another gain for the bulls. The breadth closed the day near the highs at or around 8 to 1 to the upside. The Ad Lines closed nicely around plus 1700 and 1100 on the NYSE and NASDAQ. And the core sector list closed the day at 15/1 to the bulls. The vix closed down a drip down 0.75.

Watch out for a counter fed day tomorrow.

Today on the Marketbeat: Da Bulls!!

Market #'s @ Closing Bell:

S&P: +24
DOW: +180
NASDAQ: +48
Rus2K: +13
TSX/S&P: +167
$VIX: -2.5


Internals:

Core Sector List: 15/1 Positive

- NYSE -
BREADTH: 10/1
AD LINE:1702

- NASDAQ -
BREADTH: 12/1
AD LINE: 1300

Today on the Marketbeat: Da Bulls!!

Well the oversold market conditions that have been a plagued to any directional trader for the last couple weeks has turned into a market that has been pushing to the upside easily so far this week. Yesterdays late day profit taking seemed to be the biggest extent to which the market wanted to give back gains so far this week, as today's price action took off once again to the upside, retaking 770 on the ES.

Under the hood the markets held up nicely with the internals all giving the bulls some much needed hootspa to hold the bullish levels. The Core sector list closed the day at a strong 15/1 Positive while the breadths closed the day @ their highs (10/1 NYSE, 12/1 NASDAQ). Closing in the internals the ad lines tacked on 1700 ticks on the NYSE and the VIX dropped 2.5.

Tomorrow is the FOMC Minutes so keep an eye out for that. Happy Trading everyone

Today on the Marketbeat: Top of the Rally 2 ya!

Market #'s @ Closing Bell:

S&P: -2
DOW: -8
NASDAQ: -26
Rus2K: -6
TSX/S&P:
$VIX:+1.61


Internals:

Core Sector List: 11/5

- NYSE -
BREADTH: 2.4/1 Bulls
AD LINE: +340

- NASDAQ -
BREADTH: 2.5/1
AD LINE: +400

Today on the Marketbeat: Top of the Rally 2 ya !

Another interesting intra day Market day today as the US equity markets got off to a strong solid start on this Monday, March 16th. The S&P gaped open a couple pts and continued that upward swing is got going last week. The day was a touch and go day as every pullback to the trend line seemed to produce a solid bounce back up. This was until around 1:45 pm as the market put in a double top candle on the 5 min chart and quickly began to give back a lot of its gains, going into negative territory towards the closing bell. So although the day put in some hard work to the upside, the markets could not hold the bullish levels closing at the days lows around 750 on the ES futures.

Under the hood was a bevy of emotions today as all morning and into the afternoon the markets gleamed with bullish internals, from the Ad line putting in solid numbers tot he breadths putting the smack down on the Bears. This all was until the market snap back reversal that happened in the last 2 hour of trading. The day closed with the Breadth @ 2.4 & 2.5 to 1 on the NYSE and NASDAQ. The AD Line closed the day around +340 & +400 on the NYSE and NASDAQ while the VIX