Today on the Marketbeat: The taking of Spooze 915

Market #'s @ Closing Bell:

S&P: +7 (retook 918 on $SPX)
DOW: +57 (retook 8500 on DJIA)
NASDAQ: -1
Rus2K: +1.5
TSX/S&P: +33
$VIX: -1.43


Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 1.7/1 Pos
AD LINE: +500

- NASDAQ -
BREADTH: 1.5/1 Neg
AD LINE: -200

Today on the Marketbeat: The Taking of Spooze 915


Four o'clock on the dot; Eastern Time, on Thursday June 18th - the Bell rings across exchanges and platforms across the world. The day comes to a close on a slightly Bullish, very choppy day. The biggest thing to take out of today is the retaking of key levels on the S&P and Dow, the degree to which the retaking of these levels holds is yet to be seen.

What we did see today was a choppy inside day that saw the internals call it a draw, for the second day in a row the sweet 16 core sector list closed the day 8/8, while the NYSE & NASDAQ AD Lines and Breadths also split the day coming in positive on the NYSE and Negative for the NASDAQ.

Research in Motion (RIMM) is releasing their earnings as of the writing of this blog. The street estimate was 93 cents and upon looking at the price action it is down 5% but we will see what happens over the night. KMX is posting their earnings tomorrow and it is also Triple witching expiry so trade nimble. Happy Trading...

Today on the Marketbeat: Uhhhhh huh

Market #'s @ Closing Bell:

S&P: -1
DOW: -7
NASDAQ: +11
Rus2K: -
TSX/S&P:
$VIX:


Internals:

Core Sector List: 8/8 Split

- NYSE -
BREADTH: 2.2/1 Neg
AD LINE: -475

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: +150

Today on the Marketbeat: Uhhhh Huh...

Well another day, another chance to make a dollar.... After yesterdays close under 915 on the S&P's one could of made the case that the bears were back in town. This morning was the test to see if they would reclaim mother market for a little while longer. However the bears did not control the market today as it closed pretty much at yesterdays closing levels

The Internals were a bit of a mess with the NYSE internals coming in negative on the day while the NASDAQ finished stronger closing the day positive. The core sector list probably tells the tale of the tape best showing the 16 core sector lists closing the day split 8/8.

The bears might not of taking the market to the wood shed today but with the S&P closing below 915 for a second consecutive trading day, one still has to remain cautiously bearish on the short term.

Happy Trading...

Today on the Marketbeat: 915 has been breached

Market #'s @ Closing Bell:

S&P: -12
DOW: -107
NASDAQ: -20
Rus2K: -6.77
TSX/S&P: -77
$VIX: +1.94 (+6%)


Internals:

Core Sector List: 13/3 - Gold, Drug, Healthcare only sectors up

- NYSE -
BREADTH: 4/1 Neg
AD LINE: -1300

- NASDAQ -
BREADTH: 3.3/1 Neg
AD LINE: -1000

Today on the Marketbeat: 915 Has been breached

As mentioned in yesterdays post, the # to watch today was 915 on the S&P Futures (/ES). Today the market gaped up and around midday fell below this psychological level and closed below it around 911 on the ES. What does this mean? Well the fact that we still have the 200ma and 50 ma below us is a good sign to the bulls in that those will be levels that the bears will have to overtake before they can drop the market. On the other hand with the VIX up almost 5 points in just this weeks trading sessions, fear is defiantly coming back into the market and when people get emotional they get greedy and they get scared..

As the market retraces, The US dollar has been strengthening. As the money flows out of the equity and commodity markets, the Money has to go somewhere, and that somewhere is in the currency market - giving reason for the strength of the dollar.

Keep an eye on the up coming moving averages on the major indices...Happy Trading

Today on the Marketbeat: The market makes its move

Market #'s @ Closing Bell:

S&P: -22
DOW: -186
NASDAQ: -42
Rus2K: -15
TSX/S&P: -229
$VIX: +2.64


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 14/1 Neg
AD LINE: -2100

- NASDAQ -
BREADTH: 3.3/1 Neg
AD LINE: -1600

Today on the Marketbeat: The market makes its move

The week got off to a bearish start today as the equity markets fell sharply on the opening bell and didn't look back there after, bottoming out near S2 around 915 (low of day) on the /ES. The dollar rallied into the close of today's intra day action while the equity markets dropped out of their consolidation pattern.

The internals were a sea of red today as they closed all negative. The Core Sector list came in at 16-0 to the bears while the breathes were both in the red on the NYSE & NASDAQ.

Investors should keep a keen eye on 915 on the S&P /ES Futures. This is the level in the sand we should keep in mind come tomorrows trading action, if this level is broken with conviction (volume and time) we should look to adopt some bearish positions.