Wednesday, April 29, 2009

Today on the Marketbeat: Fed Day ..again




Market #'s @ Closing Bell:

S&P: +18
DOW: +160
NASDAQ: +38
Rus2K: +15
TSX/S&P: +52
$VIX: -1.55


Internals:

Core Sector List: 15/1

- NYSE -
BREADTH: 8/1
AD LINE: 2050

- NASDAQ -
BREADTH: 4/1
AD LINE: 1500

Today on the Marketbeat:

Well another Fed day announcement has come and gone, with it the looming overhead resistance on the S&P (around 875) was broken, then lost towards the end of the day. The overall day was very bullish with most core sectors in the green, with retail slipping into the red at the end of the day. Internals were primarily bullish today as the market rose up for the most part of the day. Watch for counter fed moves tomorrow as the market is near the top of the upward moving channel it has been setting up for the past week.