Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +8
DOW: +62
NASDAQ: +16
Rus2K:
TSX/S&P:
$VIX: -1.84


Internals:

Core Sector List: 14/2

- NYSE -
BREADTH: 5.2
AD LINE: 1600

- NASDAQ -
BREADTH: 2.6
AD LINE: 940

Today on the Marketbeat:

Another largely range bound day as Thursday winds to a close. The market gaped on the open to the upside, only to fill it once moce as the bulls and bears continued their struggle for power today. The bulls did seem to have an early edge as some numbers released seemed to be bullish, but the crazy pipe was lit early and the range bounce chop continued late into the day until the final 30 minutes when the bulls stepped in and bought up the market into the close, giving the S&P back its prescious 1000 level.

The internals today were the guiding light that kept us from going short every bounce, as there were very much in the green today across the board. The last of the economic data comes out tomorrow and it could provide a big spark as it is after all a long weekend with Monday (Labour Day) being a holiday.

Keep your fingers ont he trigger, Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -3
DOW: -29
NASDAQ: -1.8
Rus2K: -2
TSX/S&P: +34
$VIX: -0.24


Internals:

Core Sector List: 13/3 Bears

- NYSE -
BREADTH: 1.7/1
AD LINE: -670

- NASDAQ -
BREADTH: 1.4/1
AD LINE: -117

Today on the Marketbeat:

Wow.... I just got awakened by the closing bell, and Brad the Shadow trader giving the day's wrap up... Ok im kidding I wasn't sleeping but give one good look at today's intraday action and you could of sworn that the market took a cue out of Green Day's smash up "Wake me up when September Ends". The market began the day with a gap lower that was filled fairly quick, but after the morning rush the market didn't do much of anything. In fact the whole day was spent in between the overnights high's and low's. Interesting when you think about it. Yesterday the big money was busy selling, but today the big money was niether favouring the bulls or bears. One market did move, and move big today - Gold rallied all day long, hitting new highs up until the close. Keep an eye out for gold mining stocks, GG - ABX for example

Many investors may be waiting up for Friday's economic reports to make further moves, but that doesn;t mean the market won't be actionable tomorrow. Watch the 980 area on the S&P for a possible bounce area if the bearish slide continues. If that area is taken out, then all those investors that went long at this area will be wrong and might be forced to cover.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -22.5 (lost 1000)
DOW: -185 (2%)
NASDAQ: -40
Rus2K: -14
TSX/S&P: -188
$VIX: +3.14


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 15/1
AD LINE: -2000

- NASDAQ -
BREADTH: 6/1
AD LINE: -1500

Today on the Marketbeat: A change in tide....

Today was the day most traders were waiting for, 3 weeks ago. The Market finally gave way below as the market dropped about 2% across the board. The thing that makes this interesting is that the market dropped hard on very good ISM data that was released this morning. The market had the mother of all head fakes, driving higher to fill the gap in the morning only to pull a sky diving act after the ISM data was released bringing the market down hard across all sectors.

The internals and pivots gave us traders a heads up as they turned out to be pretty spot on to help us stay ahead of the huge wave of selling. Ill be the first to admit that today's bearishness was a big surprise especially after the market filling the gap and showing signs of bullishness. The market (SPX) is now sitting below 1000 and right about on the level of support.

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -8
DOW: -48
NASDAQ: -20
Rus2K: -8
TSX/S&P: -130
$VIX: +1.40


Internals:

Core Sector List: 14/2 Neg

- NYSE -
BREADTH: 3.9/1 Neg
AD LINE: -1400

- NASDAQ -
BREADTH: 1.5/1 Neg
AD LINE: -1200

Today on the Marketbeat:

With the end of last week coming to a somewhat un-eventful close, this week got off to an exciting start as the market gaped down 10 ES points on the opening bell. The weakest of the indices was the NASDAQ, with one glance of a long term chart of the COMP, one sees that from the High of Oct 07, to the lows of this past March, we almost pegged the 50% retracement line with last weeks high. Although the overall market condition was weaker today, most of the weakness happened on the opening bell or subsequently soon after. So the bulls seemed to be content with the level that was holding for the most part of the day. The internals once again helped the trader stay on the right side of the trade, as they did not go lower for the remainder of the day. So weakness on the open but not continued weakness throughout the day... Can someone say mixed feelings on the market? Keep your eyes on the economic reports coming out this week as they will most likely be a big sign of whats to come this week.

Happy Trading