Today on the Marketbeat: Bad start to short week? or Launch pad in action?

Market #'s @ Closing Bell:

S&P: -20
DOW: -186
NASDAQ: -35
Rus2K: -11
TSX/S&P: -148
$VIX: -0.47


Internals:

Core Sector List: 15/1 Bears

- NYSE -
BREADTH: 5/1 Bears
AD LINE: -1700

- NASDAQ -
BREADTH: 8/1 Bears
AD LINE: -1400

Today on the Marketbeat: Bad start to short week? or Launch pad in action?

In Today's intraday action the equity markets slipped for the second consecutive day as the markets take some profits off the table. The day was mostly bearish with slight rallies bringing the market off the lows, but it was to no avail as the prices closed near the days lows.

The internals were all pointing to the bears being in control as the Breadths closed the day at their lows and the AD Lines tacked on some decent losses. Tomorrow should provide us with further idea to where this market is heading into the long weekend. After 4 consecutive weeks riding higher then we could see a bit of sideways action

Today on the Marketbeat: Monday Slides into the Books

Market #'s @ Closing Bell:

S&P: - 7
DOW: -41
NASDAQ: -15
Rus2K: -8
TSX/S&P: -21
$VIX: +1.28


Internals:

Core Sector List: 14/2 To the Bears

- NYSE -
BREADTH: 2.3/1
AD LINE: -1170

- NASDAQ -
BREADTH: 2.2/1
AD LINE: -1000

Today on the Marketbeat: Monday Slides into the Books

As another Monday comes to a close, the Market sees a second day of losses continuing from Friday. This could be viewed as profit taking as the market found its range by noon and crept upwards from then on in. The core sector list closed the day at 14/2 to the bears.

Under the hood the internals were primarily bearish but the numbers have been more bearish. The market is at an interesting point in several places. The Vix is at an interesting breakdown point at the same time that the market is looking to overtake resistance levels. What could transpire in the next couple of weeks could spell a continuation to the rally we have been seeing or a downward spiral that could see us retesting the lows.