Today on the Maketbeat:

Market #'s @ Closing Bell:

S&P: +.5
DOW: -18
NASDAQ: +9
Rus2K:
TSX/S&P:
$VIX: -0.8


Internals:

Core Sector List: 10/6 Pos

- NYSE -
BREADTH: 1.1/1
AD LINE: +930

- NASDAQ -
BREADTH: 2/1
AD LINE: +630

Today on the Marketbeat: Bulls in Bears Clothing?

The market was not following up on yesterdays bullish charge, Wednesday saw some of that 2009 chop action. However, even though the bulls ruled the interneals across the board, the market was not on a bullish tear today. For the most part of Wednesday, the market was chopping from up a bit to down a bit and it was a bit confusing seeing how the internals were mostly in the green.

The price levels are very closely nearing the 50% retracement levels from the highs of Oct 08 to the lows of March 09. The exact level is 1120 on the $SPX, and after coming so high so quick, could we be in for a pullback going into the New Year? The bulls have been having some issues pushing and holding higher highs at the current level. This could be a precursor to a pullback to more manageable levels in the near term. However, this is in no way meant to count the bulls out. They have made huge strides against the back of the recession in the past 8 months and one thing we have learned is you don't fight the tide.

Tomorrow could be a tell-tale day in what direction the market wishes to take in the near term. Until we know with conviction, trade nimble

Happy Trading

Today on the Maketbeat:

Market #'s @ Closing Bell:

S&P: +4
DOW: +35
NASDAQ: +6
Rus2K: +
TSX/S&P:
$VIX: -0.30


Internals:

Core Sector List: 13/3 Pos

- NYSE -
BREADTH: 1.4
AD LINE: +460

- NASDAQ -
BREADTH: 1.3
AD LINE: +60

Today on the Marketbeat: A November to Remember

Well with the closing bell today rang the end of November 2009. With that we enter the final month of 2009, and close out one of the wackiest years in market action that I can remember.

The Market got off to somewhat of a bullish start, but moved off the highs and fell to the days lows by lunch. The market chopped and then moved up off the lows after this, almost pegging the highs by the closing bell, then moving off them once more. The market seems to have lost a bit of its bullish steam, but todays move off the lows shows that the bulls are far from gone for the holidays yet.

The internals were at parody for the most part of the day and closed at the highs, it should be noted that the final push to higher levels today were fueled by news from Dubai. If this news didnt hit the tape the market looked like it could of just coasted into the closing bell doing its chop fest impression

From the looks of the 3mth chart of the $SPX it seems that 1080 to 1100 would be the important level to keep our eyes on in the coming weeks, if either side is broken it could spell the next move up or down

Happy Trading