Today on the Marketbeat: Another bullish day

Market #'s @ Closing Bell:

S&P: +8
DOW: +95
NASDAQ: +24
Rus2K: +7
TSX/S&P: +117
$VIX: -0.89


Internals:

Core Sector List: 13/3

- NYSE -
BREADTH: 1.6/1 Pos
AD LINE: +1000

- NASDAQ -
BREADTH: 3/1 Pos
AD LINE: +700

Today on the Marketbeat: Another Bullish day

With so many people 'expecting ' the market to retest past lows - i guess it could be seen as somewhat expected that the market moves in the exact opposite way. Today was seen to be a choppy inside day due to the huge rally that the market saw yesterday, and for the most part today it filled peoples expectations - However a little after 2pm the internals started to perk up and took the market up with it as well. Earnings was the wild card as I mentioned yesterday and so far it has been the River card, pushing the market up to higher levels.

Internally the market was mostly bullish, on lower volume which is somewhat expected after a big volume rally day like Wednesday... Despite the fact investors took profits in the end of the day the market still held on to relative highs today...

Google and Intel release tonight so I hope you tightened up your protection if your trading them
Happy Trading

Today on the Marketbeat: Big Wednesday Rally

Market #'s @ Closing Bell:

S&P: +27
DOW: +256
NASDAQ: +56
Rus2K: +17
TSX/S&P: +228
$VIX: +1.02


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 24/1
AD LINE: 2470

- NASDAQ -
BREADTH: 14/1
AD LINE: 2000

Today on the Marketbeat: Big Wednesday Rally

Wow, with the big head and shoulders forming on some of the major indexes, many investors including myself were watching for a possible break down in the market, What we got today was the exact opposite. The Market opened today gaping up huge, about 11 ES points to the upside, and never looked back. It continued to climb until the last minutes of the day, almost pegging the highs of the day.

Internally, the market was all bulls, with the breadths, ad line and core sector list all in the green. Seems like whenever the media begins to talk about price patterns the exact opposite happens and a short squeeze the size of Texas occurs.

Happy Trading

Today on the Marketbeat: Hmmmm ?

Market #'s @ Closing Bell:

S&P: +5
DOW: +27
NASDAQ: +8.5
Rus2K: +2.74
TSX/S&P: +94
$VIX: -1.26


Internals:

Core Sector List: 12/4

- NYSE -
BREADTH: 2.2/1 Pos
AD LINE: +1244

- NASDAQ -
BREADTH: 2/1 Pos
AD LINE: +384

Today on the Marketbeat: Hmmmmm?

After the big rally seen on Monday's intraday action, today was looked at to possibly retrace off the old support of the Head & shoulders that have been forming on the Dow and S&P. However today saw the market at least try to hold onto these gains, closing up with modest gains across the board.

Under the hood the market was bullish but not even remotely close to the levels of yesterdays rally. The Core Sector list closed the day at 12 over 4 to the bulls, while the ad lines tacked on some more gains. The breadths closed the day at 2 to 1 positive on both the NYSE and NASDAQ.

While we are still deep in earnings season, it will continue to be the markets wild card as they can send a market moving either way. Goldman Sachs released earnings today giving, but with them being upgraded by Meridith Whitney yesterday, giving alot of the ummph to the big rally, some would say that their earnings #'s were baked into today's price action.

Today on the Marketbeat: Bullish is the new Bearish

Market #'s @ Closing Bell:

S&P: +22
DOW: +185
NASDAQ: +37
Rus2K: +10
TSX/S&P: +104
$VIX: -3.41


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 10.3/1 Pos
AD LINE: +2040

- NASDAQ -
BREADTH: 6/1 Pos
AD LINE: +1240

Today on the Marketbeat: Bullish is the new Bearish

This week got off to an explosive start as the bulls stepped in, in a major way as the broad equity markets saw a huge rally today. The market closed pegging the highs, with big help from the internals. It's been a little while since the the market saw a rally that was backed by internals and pegging the R3 levels. The breadth helped out big time closing @ the highs, 10 to 1 on the NYSE and 6 to 1 on the NASDAQ. The AD Line backed up the breadth closing at the highs of the day @ +2000 ticks on the NYSE.

One thing to keep in mind after such a big rally is that this is earnings season, and with alot of big names still waiting to release, we have to stay nimble as words on earnings can change the dynamics of the market in minutes.

Happy Trading!
Daizon End