Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +10
DOW: +80
NASDAQ: +20
Rus2K: +10
TSX/S&P: +130
$VIX: -0.75


Internals:

Core Sector List: 14/2

- NYSE -
BREADTH: 3.7/1
AD LINE: 1550

- NASDAQ -
BREADTH: 4/1
AD LINE: 1100

Today on the Marketbeat: Another new high

The rally continues as across the broad market, new highs were hit today as there doesn't seem to be a logical end to this rally. One red flag for Bulls is the fact that the market made this new high on slightly weaker volume. But just because the new highs were made on weaker that like to be seen volume, that doesn't mean you cant trade this rally, You just have to make sure you are more nimble and lock in profits quicker.

The internals were once again that sign to help us traders stay on the right side of the trade as they all ripped to new highs into the close. One small shake out before the break out was barely noticeable on the internals as they often are the first sign to chinks in the armor.

There is a couple of economic reports coming out tomorrow so stay nimble on open longs and possibly scan from some short ideas for next week.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +8
DOW: +50
NASDAQ: +22
Rus2K: +10
TSX/S&P: -60
$VIX: -1.26


Internals:

Core Sector List: 12/2

- NYSE -
BREADTH: 2/1 Pos
AD LINE: 1300

- NASDAQ -
BREADTH: 4/1 Pos
AD LINE: 1100

Today on the Marketbeat:The Market peeks it's head higher

Today the bullishness sentiment continued as the rally on the overall markets continued as the S&P pushed up in the early hours of trading. The market took over the 3rd pivot point of resistance before lunch time. and with relative ease. After that point however, the market tapered off as profits were taken in the afternoon hours, only to pull the last hour rally as investors sent the ES futures near the highs at the close... Confusing much?

The internals were a bit cloudy as the breadths didn't reflect the strong price action that the market witnessed today. The AD Lines tacked on decent gains, +1000 on both NYSE and NASDAQ, while the core sector list finished the day 12/4 tot he bulls. With the way the market collapsed into the afternoon and the breadth not matching the strength that the price action showed, keep a close eye on the longs as this rally looks to continue.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +9
DOW: +56
NASDAQ: +19
Rus2K:
TSX/S&P:
$VIX: +0.40


Internals:

Core Sector List: 12/4

- NYSE -
BREADTH: 2/1
AD LINE: 1470

- NASDAQ -
BREADTH: 3.2/1
AD LINE: 600


1010 support

Today on the Marketbeat:


The market opened up today on a gap up and didn't look back much there after. However with the 2nd pivot point being locked at 1025 on the ES futures, the market couldn't muster enough strength to push through that level. The internals were mostly bullish with the core sector list closing the day @ 12 over 4 to the bulls. The Breadths closed at the high of the day while the AD Lines tacked on decent gains. There is some economic data coming out this shortened trading week and 1010 should be watched as a level of support (action point) assuming the market wants to take a lil plunge lower.

Happy Trading