Today on the Marketbeat: Path of least resistance

Market #'s @ Closing Bell:

S&P: +3
DOW: +5
NASDAQ: +8
Rus2K: +1
TSX/S&P: +127
$VIX:


Internals:

Core Sector List: 13/3

- NYSE -
BREADTH: 2.1/1 Pos
AD LINE: +600 ticks

- NASDAQ -
BREADTH: 2.5/1 Pos
AD LINE: +500 ticks

Today on the Marketbeat: Path of least resistance

Forth day of the week has come to a close with the markets barely holding onto prior support levels. On the S&P, the close above 880 today shows that the bulls still want to hold it, however with the late day rally falling through at the end of the day one could argue that the bulls have run out of gas and we could see a roll over heading into the weekend.

Under the hood the market closed the day barely bullish, with levels like 2/1 positive on the breadths +500 ticks on the AD Lines shows the theory of the bulls running out of gas as the internals were short of being runaway bullish on the day of a rally.

Today on the Marketbeat: Bearishly Bullish?

Market #'s @ Closing Bell:

S&P: -1.5
DOW: +14
NASDAQ: +1
Rus2K: -3.7
TSX/S&P: -172
$VIX: +0.37


Internals:

Core Sector List: 10/6 Bears

- NYSE -
BREADTH: 2.5/1 Neg
AD LINE: -950

- NASDAQ -
BREADTH: 2.2/1
AD LINE: -900

Today on the Marketbeat: Bearishly Bullish?

Another day another dollar, the market closes slightly higher today after it lost the all important support levels during intraday trading. 880 was cracked this morning and 873 was broken without much trouble. Alcoa releasing earnings tonight after the bell and could give us a good idea of what the market and other players should be up to as the earnings season opens up.

Internals were bearish today, despite the late day rally to the pivot. Under the hood the market closed all bearish down the line with the core sector list closing 10/6, ad lines closing down about 900 ticks and the breadths closing the day around 2/1 negative.

Watch Alcoa tonight
Happy Trading

Today on the Marketbeat: Market continues to slide

Market #'s @ Closing Bell:

S&P: -17 to 881
DOW: -161 to 8,163
NASDAQ: -41
Rus2K: -8
TSX/S&P: -167
$VIX: +1.91


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 5/1
AD LINE: -1690

- NASDAQ -
BREADTH: 6/1
AD LINE: -1500

Today on the Marketbeat: Market continues to slide

The slide that began yesterday on the equity boards continued today. The support level on the S&P 500 (880) was broken for a small amount of time today but closed slightly above that level (~881). If the market closed below that level we could have seen a broader seen pullback across the board because all the investors that were "late to the party" would be wrong and need to cover creating a slide that would be huge. However since we still are over that level we have to be nimble, because the market has rallied off this level before.

Under the hood the market was full bearish mode - core sector list closed all bearish 16 to 0 while the breadths and ad line were also very bearish today

Tomorrow watch the 880 level on the S&P 500 ($SPX)

Happy Trading

Today on the Marketbeat: Bearish with a slight chance of Bullish rallies

Market #'s @ Closing Bell:

S&P: +2
DOW: +44
NASDAQ: -9
Rus2K: -4
TSX/S&P: -256
$VIX: +1.25


Internals:

Core Sector List: 9/7 Bears

- NYSE -
BREADTH: 1.5/1 Neg
AD LINE: -530

- NASDAQ -
BREADTH: 2.4/1 Neg
AD LINE: -680

Today on the Marketbeat: Bearish with a slight chance of Bullish rallies

Today the week got off to an odd looking start. The market was down about 9 points on the ES Futures when the opening bell rang out, but somehow the bulls found a way to rally the market up to the highs of the sessions and peg them there at the close.

There is no data coming up tomorrow but the earnings season is beginning and could give us a good glimpse of what the big money investors think - rally or wood shed?

One of the interesting things today was how the bulls guarded the 880 level once again, as the S&P Futures hit 882 and didn't go closer than that today. I guess one could say if the market holds 880 we still are in the cautious mode until a break of that level or 915 tot he upside.

Happy Trading
Daiz'on End