Thursday, July 23, 2009

Today on the Marketbeat: Big Rally on Wild Card Earnings



Market #'s @ Closing Bell:

S&P: +22
DOW: +188
NASDAQ: +44
Rus2K: +16
TSX/S&P: +218
$VIX: -0.04


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 4.8/1 Pos
AD LINE: +1950

- NASDAQ -
BREADTH: 4.5/1
AD LINE: +1700

Today on the Marketbeat: Big Rally on Wildcard

The Market railled big today, once again being led by Tech's big time strength. The internals helped all markets push towards the sky today as the market got off to a slow start off the opening bell, but before investors could unwarp their lunches the market started to rip. Big movers today include RIMM, AMZN, GS.

Under the Hood the internals closed the day very bullish with the core sector list closign the day 16 over 0, The breadths closed the day both around 4.5 to 1, while the AD Lines tacked on about 1800 ticks a piece.

Many investors are sitting scratching their heads as to why the market continues to lift while headlines, statistics and almsot everything but price action points to continued bearish sentiments. We have to try to stay away from bias opinions as to "what the market should be doing" the market should be doing what it does, hence why it moves where it moves. Our job is to catch those moves whatever way they may be.

More earnings come out tonight, and could continue to be the big wild card for the market, stay nimble ...Happy Trading

Wednesday, July 22, 2009

Today on the Marketbeat: The Market stutters



Market #'s @ Closing Bell:

S&P: -1
DOW: -35
NASDAQ: +10
Rus2K: +3
TSX/S&P:-43
$VIX: -0.45


Internals:

Core Sector List: 9/7 to the Bulls

- NYSE -
BREADTH: 1.4/1
AD LINE: 400

- NASDAQ -
BREADTH: 600
AD LINE: 2/1

Today on the Marketbeat: The Market stutters

With so many opinions about where the market is heading next, it seems that the market is happy where it is at currently for the time being. Apple released earnings last night, and lit a spark under the Tech bulls, giving the NASDAQ the most in relative strength. Apple closed near the lows of the day but still up about 3.5%.

Internals were a mixed bag, but still favouring the bulls. Initial claims is released tomorrow and could spark the market in either direction, especially since its still the middle of earnings season.

Tuesday, July 21, 2009

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: +3
DOW: +67
NASDAQ: +7
Rus2K: -3
TSX/S&P: -30
$VIX: -0.57


Internals:

Core Sector List: 8/7

- NYSE -
BREADTH: 1.6/1 Neg
AD LINE: +260 ticks

- NASDAQ -
BREADTH: 1.4/1 Pos
AD LINE: -100 ticks

Today on the Marketbeat: a heck of a day! another new high for the year

Today the market opened up on somewhat of a negative vibe as the market looked to pull back on some of the big gains put in over the past week, however that bearish sentiment was bought into in the afternoon, givign the bulls more upside gains. With earnings season still very much underway, about 1/5th of the components on the S&P have released.

Under the hood the internals were as mixed as the market today, the core sector list closed the day almost spit @ , while the Breadths closed the day at /1 on the NYSE and /1 on the NASDAQ

Apple is releasing earnings after the bell, so it could be a market mover tomorrow in the Tech side.

Monday, July 20, 2009

Today on the Marketbeat: Highest Close since Nov '08




Market #'s @ Closing Bell:

S&P: +10
DOW: +104
NASDAQ: +22
Rus2K: +7
TSX/S&P: +158
$VIX: +0.02


Internals:

Core Sector List: 15/1

- NYSE -
BREADTH: 3.3/1
AD LINE: 1600

- NASDAQ -
BREADTH: 4.6/1
AD LINE: 980

Today on the Marketbeat: Highest Close since Nov '08

After a bullish bias last week, The market looked poised to open up continuing that bullish trend. The market gaped up on the opening bell, filled that gap within the mornign hours of trading then quickly continued its upward bias. Closing at the highest levels since November of last year.

What gave traders the edge today ? aside from knowing stocks that might be tradign earnings today, the internals were the 'guiding light' so to speak as they gave traders the inside look at how strong the market really was today. The core secotr list closed the day 15 to 1, with the bank sector being the only in the red, and just barely. The Breadths and A/D line closed the day near the highs giving way to the little pop towards the end of the day.

Happy Trading