Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -6
DOW: -25
NASDAQ: -16
Rus2K: -7
TSX/S&P: -200
$VIX: +0.77


Internals:

Core Sector List: 13/3 to the Bears

- NYSE -
BREADTH: 1.1/ Neg
AD LINE: -320

- NASDAQ -
BREADTH: 2/1 Neg
AD LINE: -500

Today on the Marketbeat: The Bears show their teeth.

Today the market sold off after gaping higher and filling that gap. Although the numbers on the index's weren't overly Bearish - Stocks still felt the squeeze, with big names down 2-3-4%. The Internals basically told the story, bearish but not trap door, elevator going down bearish. Tomorrow we have a bevy of economic information coming out and they could spark a bigger move in the market to the downside, or rally off better than expected news.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -3
DOW: -39
NASDAQ: -18
Rus2K: -4.75
TSX/S&P: +28
$VIX: +0.01


Internals:

Core Sector List: 12/4 Bears

- NYSE -
BREADTH: 2/1 Pos
AD LINE: -590

- NASDAQ -
BREADTH: 2/1 Neg
AD LINE: -700

Today on the Marketbeat: The market continues to hold on

Another day another dollar as the equity markets come to a close for this Wednesday, August 5th. The market got off to another bearish start, this time it managed to hold onto the red till the closing bell as the market climbed off the lows of today and managed to hold onto this range once more. Also once more, the S&P managed to cling onto 1000 for the 3rd straight day which speaks for the resilience for the bulls.

Under the hood some troubling thoughts are brewing as the NYSE breadth was bullish for most of the day despite the fact the market was lower for the day. This could mean that there is a growing divergence in the breadth compared to the price action, but could of been a one day occurrence, keep a keen eye out for it.

Thursday could be a bit more of the same as we await for more economic data to come out later this week.

Today on the Marketbeat:

Market #'s @ Closing Bell

S&P: +3
DOW: +33
NASDAQ: +2.7
Rus2K:
TSX/S&P:
$VIX: -0.57


Internals: BULLISH

Core Sector List: 10/6

- NYSE -
BREADTH: 2/1
AD LINE: 670

- NASDAQ -
BREADTH: 1.5/1
AD LINE: 350

Today on the Marketbeat: The market continues to climb.

With 1000 on the S&P reclaimed, the market looked poised to open lower today and it did just that - gaping down 5 ES futures points (S&P500) on the opening bell. However, with corrections all in mind, the bulls were looking to hold that area, climbing steady off the lows, upward for most of the day hitting new highs once more. Around noon the bulls seamed to run out of juice, hitting a high of 1004 on the ES, then tapering off into the afternoon session, but the market found another support level around 997, bottomed out and rallied to the highs into the close.

The internals were modestly bullish throughout the day, which is a good reason as to why the market held up, and rallied into the close. The Core sector list fluctuated all day, closing around the highs @ 10 over 6 to the bulls, while the breadths (which is the king internal) barely closed at 2 to 1 on the NYSE & 1.5 to 1 on the NASDAQ.

There is a bevy of market related news/info coming out this week: ADP Employment, Non Farm payroll, Initial Claims are some that could spark a move in either direction.

Earnings: Tonight - CEPH / ERTS / CTRP / KFT | Tomorrow: BYD / PG / RIG / CSTR |

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: 15
DOW: 115
NASDAQ: 30
Rus2K: 8
TSX/S&P: 110
$VIX: -0.33


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 17/1
AD LINE: 1900

- NASDAQ -
BREADTH: 8/1
AD LINE: 1100

Today on the Marketbeat:

The market opened today with a bang as it gaped open to the highest levels seen in months and continued higher through out the day. Internals read green as the price action climbed, only into the close the market fell off the highs but closed near them.

The market has closed at that all important 1000 level on the SPX and it could be huge either way from here. Stay nimble and happy Trading