Tuesday, May 19, 2009

Today on the Marketbeat: S&P losses 900



Market #'s @ Closing Bell:

S&P: -2
DOW: -29
NASDAQ: +54
Rus2K: -1.5
TSX/S&P: +338
$VIX: -2


Internals:

Core Sector List: 9/7

- NYSE -
BREADTH: 1.1/1 Pos
AD LINE: +500

- NASDAQ -
BREADTH: 1.9/1 Pos
AD LINE: +35

Today on the Marketbeat: S&P loses 900

Today was an interesting day on the equity exchanges as the major exchanges bounced around the psychological level of 900 (S&P). The end of the day saw a fierce sell-off which led to the S&P losing 900 at the close which seems to hint at some potential weakness in the market, as we could see further chop or more downside action.

Under the hood the internals closed slightly bullish, as the AD Lines tacked on some small gains, and the breadths closed close to parody but with a slight bullish tint. The core sector list was the only part of the internals that closed the day with a bearish overlook, closing the day 9/7 to the bears.

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