Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -10
DOW: -41
NASDAQ: -23
Rus2K: -44
TSX/S&P: -206
$VIX: +1.40


Internals:

Core Sector List: 15/1 Neg

- NYSE -
BREADTH: 6.5/1
AD LINE: -1600

- NASDAQ -
BREADTH: 5/1
AD LINE: -1400

Today on the Marketbeat: The pullback is here

The pullback that many have been waiting for for weeks has finally come. After the SPX hit the downtrend line from the highs of last year the market turns down a decent chunk as stocks across the board hit the red for what seems the first time all summer. Does this mean it will continue to drop? It could... but we here at Vision Wealth Management don't believe in being speculative, we rather watch what the market does first. This from what it seems is a technical bounce and is around areas of support, so we could just see some chop Friday or we could see it continue.

The internals were pretty much all red today and were like that for the most part of the day. The VIX finally tacked on some solid gains as the market dropped, showing fear is creeping back in the market

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -10
DOW: -80
NASDAQ: -5
Rus2K: -4
TSX/S&P: -42
$VIX: +0.52


Internals:

Core Sector List: 14/2 Neg

- NYSE -
BREADTH: 4/1 Neg
AD LINE: -870

- NASDAQ -
BREADTH: 1.8/1 Neg
AD LINE: -500

Today on the Marketbeat: The trap door opens?

Well after weeks and weeks of stables gains into the close, today the market lost 10 points on the SPX and did it mostly when the bulls usually stepped in. This could mark a short term top if the bulls don't back up this action into the weekend, and if it is it could be a real trip.

The internals were the sign to help us stay on the right side today as they shifted hard into 3pm today. The VIX also pulled some gains on as the market sold off. This sell off was broad and heavy as the core sector list went from green to red really quick.

As the FOMC minutes are over and gone for awhile we watch for earnings, specifically RIMM who come out with their earnings Thursday night after the close and could be a big mover for the tech heavy NASDAQ.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +7
DOW: +50
NASDAQ: +10
Rus2K: +5
TSX/S&P: +151
$VIX: -0.91


Internals:

Core Sector List: 11/5

- NYSE -
BREADTH: 3.2/1 Pos
AD LINE: 1245

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: 400

Today on the Marketbeat:

Another bullish day in the equity markets today as the Bulls are still on parade. With a bit of a suspect opening gap today, the market managed to hold it up throughout the trading day. Leading the way were commodities and stocks that are in those sectors.

The internals stayed positive with the markets price action for the whole day backing up the bullish bias that we maintained throughout the day. The NYSE Breadth finished strong @ 3.2 to 1 positive, pushing down the VIX another 90 cents.

Tomorrow is the every famous FOMC minutes as the words coming out of the chairman's mouth could open a can of whop ass on the markets or... it could do very little, the idea is to be ready for anything tomorrow @ 2pm.

Here's some stocks with unusual options activity:
MBI: 11k oct 8 calls / CLX: PG buying, 17k oct calls / NTRI: over 5k on call side vs 110 on put side / JDSU: oct 7-8 calls / TLAB: oct 7.5 calls / CEPH: 2400 65 calls (take over chatter) /

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -3
DOW: -24
NASDAQ: +5
Rus2K: -2
TSX/S&P: -33
$VIX: +0.03


Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 1.6/1 Neg
AD LINE: -1000

- NASDAQ -
BREADTH: 1.4/1 Pos
AD LINE: -200

Today on the Marketbeat:

The market took a bit of a breather post quadruple witching. It's been known to be a slow, slightly bearish day after the options expire and today did not stray off that pattern. The bears took the bulls down early on in the session but the bulls are not ready to back off just yet.

The internals were split down the middle at the closing bell, the NASDAQ coming across the line positive, and the NYSE closing the day slightly bearish.

There is not much going on economic report wise until the FOMC minutes Wednesday. Which could prove to be interesting if they see it fit to up the interest rates, but that would be a surprise in this traders eyes. The trend continues to be bullish, as the markets pushed off the bears gap today. If the trend is broken, as always look for stocks that have unstable gains, ones that ripped up really fast, and don't have much to back up the reasoning of the gains to short.

Happy Trading