Today on the Marketbeat: Choppage - the by product of indecision

Market #'s @ Closing Bell:

S&P: +10
DOW: +109
NASDAQ: -10
Rus2K: +4
TSX/S&P: -18
$VIX: -0.98


Internals:

Core Sector List: 12/4 Bulls

- NYSE -
BREADTH: 2.4/1 Positive
AD LINE: +1300

- NASDAQ -
BREADTH: 1.3/1 Positive
AD LINE: +1000

Today on the Marketbeat: Choppage - the by product of indecision

The tale of the tape today was a whole lot of indecision. The market opened with a gap lower, but progressively moved upwards for the most part of the day, closing the day near the highs. The internals were mostly bullish closing near their respective highs.

The NASDAQ was the sole indice that lagged in the red today, the semiconductors were a large reason that the tech heavy NASDAQ lagged. A lot of decent bullish "buy the dip" set-ups came up today, with a lagging amount of bearish hedge candidates. The week of earnings continues into Thursday, and we could get a more definite idea of where the momentum wants to take this market in the next couple of weeks.

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -17
DOW: -137
NASDAQ: -22
Rus2K: -13
TSX/S&P: -77
$VIX: -0.21


Internals:

Core Sector List: 15/1 Bears

- NYSE -
BREADTH: 2/1 Bears
AD LINE: -1200

- NASDAQ -
BREADTH: 1.8/1 Bears
AD LINE: -1000

Today on the Marketbeat:

Today got off to a bearish grind and didn't look back much form the opening bell. Short was the way to be if you were day trading and the internals helped to make sure we stayed on the right side of the trade.

Even though we saw decent sized losses on the tape today, the overall feeling I got form today wasn't overly bearish as the internals did not come in strongly bearish. With a breadth reading of about 2/1 on both breadths the volume wasn't pouring in bearish. But this pullback has been expected which could give reason to viewing it not so bearish

The remainder of the week should be controlled more or less by earnings announcements giving this week a more speculative view.