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Market #'s @ Closing Bell:
S&P: +15
DOW: +106
NASDAQ: +20
Rus2K: +10
TSX/S&P: +136
$VIX: -1.8
Internals:
Core Sector List: 16/0 Pos
- NYSE -
BREADTH: 8.2/1 Pos
AD LINE: 2000
- NASDAQ -
BREADTH: 3.7/1 Pos
AD LINE: 1400
Today on the Marketbeat:
Thank you Goldman Sachs, was the overall sentiment from the Bulls camp today as the equity markets bounced off the 50 ma with a broad and deep rally with most sectors up 1% or more. As we all know 1 day doesn't equate a trend but the market did bounce with decent strength off the 50 day Moving average and held those gains well into the close. One aspect to keep in mind is that the rally did stop short of 1040 on the ES (SPX) and it is something to take note of as it is an important point of reference.
The internals stayed pretty strong for the mot part of the day as the core sector list closed the day essentially 16/0 with one sector closing flat on the day and the Breadths closed well into the green as the bounces continue to be bought.
Here is some unusual option activity: VRTX: oct 40's / AEO: 2k of oct 15's / HES: 26kcallsvs3kputs, oct 55 / ORCL: Nov 22 calls / MOT: Nov 9 Calls (watch) / GE:Oct calls // ATHR: Nov 27.5 Puts / NXY
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