Today on the Marketbeat:

From

Market #'s @ Closing Bell:

S&P: +7
DOW: +36
NASDAQ: +10
Rus2K: +
TSX/S&P: +
$VIX: -0.63


Internals:

Core Sector List: 12/4 Bulls

- NYSE -
BREADTH: 3/1
AD LINE: 960 Pos

- NASDAQ -
BREADTH: 2.6/1
AD LINE: 300 Pos

Today on the Marketbeat:

Today was another modestly bullish day. The tale of the day today was patience, because there were alot of midday setups that required a keen eye and a steady trigger finger. The market tacked on some more gains to make another high for the year. The internals were having some issues, esoecially the NYSE Breadthe. Aside from technical glitches the market day went by today relatively quickly.

Watch for tomorrows close because it could show alot as to what the traders mindsets are. If they are willing ot hold onto any gains into the weekend then it could mean that the big money investors are lookin more bullish towards the market.

Stay Nimble
Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +11
DOW: +120
NASDAQ: +29
Rus2K:
TSX/S&P:
$VIX: -0.55


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 3.7/1 Pos
AD LINE: +1400

- NASDAQ -
BREADTH: 5/1 Pos
AD LINE: +1100

Today on the Marketbeat: The Fed makes the market jump

Today was the always fun to watch, but rarely fun to trade FOMC minutes and as expected they left the rates unchanged, but their language was what mattered and aside from the knee jerk downward pressure after the release the markets didn't mind the language.

The day got off to a bullish start very quickly running up to the second Resistance level and essentially pegging it until towards the end of the session when it broke out (after the fed news died out) and pegged the high of 1011.25 on the ES.

There is some financial information remaining to be released this week so stay nimble

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -12
DOW: -96
NASDAQ: -22.5
Rus2K: -8
TSX/S&P: -154
$VIX: +0.80


Internals:

Core Sector List: 13/3

- NYSE -
BREADTH: 4.3/1 Neg
AD LINE: -1440

- NASDAQ -
BREADTH: 3.2/1 Neg
AD LINE: -1200

Today on the Marketbeat: The Internals tell the story

With a second consecutive bearish close across the board, the S&P finally loses 1000 closing @ 994. The internals were basically a saving grace to any trader looking to avoid frustration as the market chopped back and forth throughout the afternoon. The day started with a bearish cue as the market lost all 3 levels of the daily pivots points in the morning. Trading the plummet down wasn't the issue today as was waiting for a cue in the afternoon.

Tomorrow is the FOMC Minutes as Bernake returns to the stage to speak about the economy. Its not likely they are going to cut or raise rates, but once again what's important is the language they use as they speak. The Market is likely to trade choppy leading into the minutes release around 2-2:10 pm est.

Here are some unusual trading Options: WYE: oct calls / XLNX:aug22puts / HES: aug 60 / MFE: aug 45 / HANS / HSP/ ABFS

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -3
DOW: -32
NASDAQ: -8
Rus2K: -0.32
TSX/S&P: -81
$VIX: +0.26


Internals:

Core Sector List: 10/6 to the Bears

- NYSE -
BREADTH: 1/1
AD LINE: -150

- NASDAQ -
BREADTH: 1.1/1 Pos
AD LINE: -80

Today on the Marketbeat: Another choppy Monday

As you can see with a quick glimpse of the closing numbers, you can see that the market was range bound in a slightly bearish chop fest today. The SPY hit the low of the range today and rallied into the close off of that level. Although the overall tone of today was Bearish, the market still does not want to relinquish the gains it has so beautifully tacked on since the July lows.

Under the hood was a bit confusing with the internals being very much split down the middle. Today was an example of S.O.H (Sit On Hands), assuming your not day trading.

Tomorrow the monster truck comes to town as the FOMC minutes come out @ 2:15 in the afternoon, and the language will be very important to the institutions.

Happy Trading