Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +2.8
DOW: +37
NASDAQ: +3.3
Rus2K: -0.8
TSX/S&P: + 13
$VIX: -0.27


Internals:

Core Sector List: 11/5 (16/0 to the Bears this morning)

- NYSE -
BREADTH: 2.2/1 Pos
AD LINE: +250

- NASDAQ -
BREADTH: 1.6/1 Pos
AD LINE: -90

Today on the Marketbeat: Another New high for '09

What a difference a day makes? How about a couple hours? Today the day got off to a bearish start, and continued lower into the lunch time. However, around 11AM the market put in a double bottom and rallied hard into the afternoon, hitting new highs for the year once again. A very interesting day as we began with a mindset looking for shorts, but once 1014 area was hit on the ES the market changed and went long, and we finished the day looking for longs. If you don't wanna have to stay so nimble then SOH when the market is volatile like it was today. Bottom line is while the whole world was once again waiting for the market to drop, and while it seemed to want to this morning, we must remain cautiously bullish until Mother Market decides the bulls need a rest.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +0.12
DOW: +4
NASDAQ: +0.56
Rus2K: +0.09
TSX/S&P: +2.36
$VIX: +0.02


Internals:

Core Sector List: 10/6

- NYSE -
BREADTH: 1.1/ Neg
AD LINE: -120

- NASDAQ -
BREADTH: 1.1/1 Pos
AD LINE: +130

Today on the Marketbeat: Pure Chop

Another day, another 9-5 of choppy price action near the near term highs on the S&P 500. The market started off on a bullish note as the market moved off economic reports that fared better than expected, however when the high of the day (1032 on the ES futures), the market stalled and was never able to get its bullish footing back from the bears who have been battling it out with the bulls so far all of this week. This week is post options expiration week and they do tend to sometimes be more quiet trading times. However with the market having moved a sizable chunk off those July 13th lows, when Meredeth Whitney posted some good comments that sent the market into rally mode up till this point, the market is probably trying to figure out who wants the next leg better. Today marked a triple doji top on the SPY, which could lead to a major reversal of trend, under some watch one can see that the market featured a similar bottom prior to the July 13th lows. So stay nimble, plan your trade and trade your plan.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +2.4
DOW: +30
NASDAQ: +6
Rus2K: +3
TSX/S&P: + 116
$VIX: -0.22


Internals:

Core Sector List: 12/4

- NYSE -
BREADTH: 1.7/1
AD LINE: 620

- NASDAQ -
BREADTH: 1.1/1 Pos
AD LINE: 220

Today on the Marketbeat:

Today was a bit of an inside day. starting off bullish but fading into the later hours of trading. The market never really went into bearish mode today but one look on the daily chart of the SPY and you will notice two major topping tails. Does this mean the rally is done? We can't tell and since the internals are still backing up the bulls the rally could go into a consolidation mode for some time.

The internals were slightly bullish today but they were far from the strong levels that the market saw on the open. The consumer confidence report came in stronger than expected and gave the market some push in the early hours, but the bears were content to see the bulls stay where they stand for now

More economic reports and earnings are due this week so stay nimble

Happy Trading

Today on the Marketbeat:

From

Market #'s @ Closing Bell:

S&P: -0.5
DOW: +3
NASDAQ: -5
Rus2K: -2.25
TSX/S&P: -61
$VIX: +0.21


Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 1.28/1 Pos
AD LINE: +70

- NASDAQ -
BREADTH: 1.27/1 Neg
AD LINE: -220

Today on the Marketbeat: What happens Next?

Today's trading got off to a very nice bullish start as the rally looked to continue, but as we all know things can change fast in the market, and during the lunchtime session the market sold off sharply losing all the gains but not pushing the bulls to cover into a bearish drop. The Market finished slightly lower but had a bearish vibe to it. But with one look at the internals you get the idea that neither side today was in control

The Core sector list finished the day split down the middle half in the green half in the red (a Christmas tree formation in the trading world), while the NYSE internals finished in the green and the NASDAQ finished in the red. An overall interesting day as many stocks put in bearish reversal signals, the only thing left is to see if there will be confirmations

Alot of Unusual Option activity today, Check it out...

FRE: unusual options last week, sept 2's over 3300 - Today it is @ 2.12 / FMN: 5x the amount calls over puts - 36k of Sept 2's / GNW: 7k of Sept 10's / SPLS: Calls ahead of interest for earnings - Sept 24's 4500 contracts today / DELL: earnings this week, Sept 15 calls / TIF: @ new 1 yrs highs today, Sept 30 calls / XL: over 4000 calls, 17.5 most notable / AMAT: OCT 14 calls, 11,000 / XHB: sept 15 calls /\ CAG: Dec 20 puts / GGB: Dec 10 puts, 4700 contracts / BMO: Dec 45 puts / XLNX: 5400 puts vs 900 calls - Sept 22.5's (3000)