Today on the Maketbeat:

Market #'s @ Closing Bell:

S&P: -15
DOW: -93
NASDAQ: -36
Rus2K:
TSX/S&P:
$VIX: +1.00


Internals:

Core Sector List: 15/1 Neg

- NYSE -
BREADTH: 8/1 Neg
AD LINE: -1900

- NASDAQ -
BREADTH: 6/1 Neg
AD LINE: -1575

Today on the Marketbeat: Pullbacks do happen

So as the market seemingly shrug off day after day of attempts to bring the market off its highs, Thursday price action did just that in the first 20 minutes of trading. The market lost its important level of 1100, so it should be interesting to see how the market reacts to this loss of support in Fridays action. It is also Options Expiry on Friday so that usually implicates some bullishness but that's pure speculation before Friday actually comes around

The internals were a seas of red with the Core Sector list finished @ 15/1 Negative, while the breadths finished at their lows with the AD Lines not far behind. The VIX also popped up 1 pt with the sell off.

There is no economic data lined up for tomorrow so there shouldn't be any data related market moves, just plain old ebbs and flows.

Happy Trading

Today on the Maketbeat:

Market #'s @ Closing Bell:

S&P: -0.5
DOW: -11
NASDAQ: -10
Rus2K:
TSX/S&P:
$VIX: -0.60


Internals:

Core Sector List: 10/6 Bears

- NYSE -
BREADTH: 1.2/1 Pos
AD LINE: -280

- NASDAQ -
BREADTH: 1.3/1 Neg
AD LINE: -580

Today on the Marketbeat: C is For Chop

Hello Traders ! ... Well Wednesday was alot like Tuesdays price action, slow and choppy with not much amounting out of it. The market doesn't seem to wan to let go of the gains its worked so hard to rally for in the past months as the pullbacks seem to be closer to taking short breathes in between huge rallies.

The internals were mixed, but mostly bearish.. However the VIX did lose some ground as fear continues to leave the market as the bulls keep on guarding their gains

Some more economic data comes out Thursday with none on Friday so we should see some movement off these levels, most likely to the upside into the end of the week, into Options expiry.

Today on the Maketbeat:

Market #'s @ Closing Bell:

S&P: +16
DOW: +136
NASDAQ: +30
Rus2K: +15
TSX/S&P: +99
$VIX: -0.57


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 7.4/1
AD LINE: 1850

- NASDAQ -
BREADTH: 3.5/1
AD LINE:

Today on the Marketbeat: Meredith Speaks, The Marketbeat listens

Welcome to the Marketbeat..

It's been a couple days since I last blogged the ongoing ebbs and flows of the market. I took a lil time to get my bearings and now I'm back again.

The day and week got off to a bullish start, gaping up about 9 ES futures points on the opening bell, and held that gap, bouncing higher for the most part of the day. Just another rally day? well around 3:10, Goldman Sachs, and the ES Futures began pulling back stronger than normally, and then the news hit. Meredith Whitney said that she had not been this bearish since last year, which explained why the market had lost its footing on the rally into the closing hour. It might be easier to forget looking back to when she put a jump start into the bulls engines, giving steam to this current rally not so long ago so it should be interesting to see how her words today will react on the market to come.

The internals were very strong up until the pullback, hitting levels of 16/0 on the Core Sector List, and 23/1 on the NYSE Breadth at the highs. However; after the news hit the tape the internals began to taper off as well, closing at much lower levels. Also the VIX ($VIX) was only down $0.57 today also showing that with a big rally the fear is not ready to bow out just yet.

With economic data coming out tomorrow (PPI) it will be interesting to see how those words could impact the market.

Happy Trading