Monday, June 1, 2009

Today on the Marketbeat: Higher Highs



Market #'s @ Closing Bell:

S&P: +23
DOW: +221
NASDAQ: +50
Rus2K: +18
TSX/S&P: -
$VIX: +1.08


Internals:

Core Sector List: 14/2

- NYSE -
BREADTH: 5/1
AD LINE: +1900

- NASDAQ -
BREADTH: 7/1
AD LINE: +2200

Today on the Marketbeat: Higher Highs

Today was a further example of the bullish strength that has gripped the equity markets for the past couple of months. That being said, with the break out of the recent range, followed up by a very bullish opening today, the markets still have a bullish outlook.

The market opened higher and didn't look back much throughout the day. The internals were very much bullish throughout the day with a couple of small fake outs. The internals closed the day on a solid bullish note with the breadth closing the day @ 5/1 on the NYSE and 7.2/1 on the NASDAQ. The AD Lines tacked on some solid gains across the board while the Core Sector list came in almost all green @ 14/2 with only the BKX and GOX in the red.

Tomorrow could go any way, as pullback on big green days aren't out of the ordinary but if the bullish strength continues we could push more...