Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +4.5
DOW: +46
NASDAQ: +1
Rus2K: -1
TSX/S&P: -27
$VIX: -1.27


Internals:

Core Sector List: 9/7 Bulls

- NYSE -
BREADTH: 1.1/1
AD LINE: +8

- NASDAQ -
BREADTH: 1.5/1 Neg
AD LINE: -330

Today on the Marketbeat:

Another day another dollar on the equity markets. Earnings on GS were slightly shrugged off today as the markets chopped around for the most part of the session. The markets did rally off the lows into the close, hitting new highs for the year once more, however - this new high came with different stipulations than the last couple of sessions. The internals were nothing but flying positive today, actually they came in barely to the bulls. Looking towards Fridays action, being options expiry, the markets are hitting new highs but could easily see a solid sell off over the weekend / Monday morning.

As usual we aren't ones to fight the trend, but if we spot the markets tapering off into the afternoon tomorrow we may look to initiate some short positions (short or puts) on the SPY or DIA to possibly take advantage of the post expiration blues. This is of course assuming the markets seem weary into the afternoon tomorrow. There are still many big names to release earnings soon so anything can happen to stay nimble...

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +19
DOW: +144
NASDAQ: +32
Rus2K: +
TSX/S&P: +
$VIX: -0.12


Internals:

Core Sector List: 15/1 (Gold Down)

- NYSE -
BREADTH: 6.9/1
AD LINE: 1500

- NASDAQ -
BREADTH: 5/1
AD LINE: 1350

Today on the Marketbeat:

Wow, I guess the earnings season is off to a bang as Intel delivered good earnings as well as JP Morgan. This sent the market soaring in the early hours, and into the after noon pegging new highs for 09 once again. There is still alot of heavy earnings players to come out this week that could definitely send the market either way so stay nimble. The market was mostly bullish minus gold today and even with the huge rally the Vix was only down about 12 cents so keep an eye on your longs and get ready for the next leg of earnings season..

Happy Trading

Today on the Marketbeat: Post #201

Market #'s @ Closing Bell:

S&P: -3
DOW: -15
NASDAQ: +1
Rus2K: -3
TSX/S&P: -14
$VIX: -0.07


Internals:

Core Sector List: 10/6 Bears

- NYSE -
BREADTH: 1.4-1 Neg
AD LINE: -400

- NASDAQ -
BREADTH: 1.5/1 Pos
AD LINE: -250

Today on the Marketbeat:

Wow I guess I was so full of turkey yesterday that I failed to notice that it was my 200th post, Epic. So after the lack luster Columbus/Thanksgiving day performance across the board investors were looking for Tuesday's action to give a better idea of what could be in store, however since there is so much earnings activity coming out Tonight through Friday, I suppose that the maxim of letting the market show its hand is in full swing. The markets were down for the most part of Tuesday's intra-day action, but the bulls did battle them back in the afternoon bringing the price close to break even on the close. The internals once again were the key to staying above the emotions as they were mostly in the red from the opening bell. The core sector list was the best place to start as it was ruled by the bears for the whole day, closing the day 10/6 to the bears. The Breadths closed mixed, with the NYSE in the red and the NASDAQ in the green while the ad lines were not so much help, both closing with a loss of ticks.

Tonight Johnson & Johnson release earnings as to Intel. Thursday is GOLDMAN SACHS and GOOGLE and there is no shortage of other big names that can defiantly move the market. Meredith Whitney downgraded Goldman Sachs from Buy to Hold this morning bringing that stock down heavily up until the closing hours as it rallied off its lows.

Here's some unusal option activity from today:

-AKAM oct 21 calls / LLCC: Nov 24 puts (Earnings tonight after close) / CHK: oct 30 calls / LRCX: selling Nov 30 calls / ITT: Calls active

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +4.7
DOW: +21
NASDAQ: -3
Rus2K: -1
TSX/S&P: -47
$VIX: +0.32


Internals:

Core Sector List: 12/4

- NYSE -
BREADTH: 2/1
AD LINE: 261

- NASDAQ -
BREADTH: 1.1/1
AD LINE: -150

Today on the Marketbeat: The market has a shaky start.

Well it was a nice week off but I'm back to work now, and I couldn't of picked a better day to come back as the market gets off to a shaky start during one of the most interesting earnings weeks in some time with J&J, Goldman Saches, Pepsi, Citigroup and Google all reporting earnings later this week.

The internals gave way around 2pm when the sell off first started happening off what seemed to be no news, although the dollar did rally a bit which could of given equity investors reason to jump ship and take some profits off the table after the gap open. After the gap filled to the penny the market rallied off that and chopped around the 1st resistance pivot and closed the day at that area.

J&J releases earnings tomorrow and Google and GS on Thursday so keep your eyes peeled, If the market looses 1070 on the SPX then take profits and possibly initiate some shorts, if we take out 1080 tot he upside some longs might be a good idea.

Happy Trading