Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +6
DOW: +68
NASDAQ: +7
Rus2K:
TSX/S&P:
$VIX: +0.20


Internals:

Core Sector List: 10/6 Pos

- NYSE -
BREADTH: 1.8/1 Pos
AD LINE: +560

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: +60

Today on the Marketbeat: Are the Bulls back in town?

Well Thursday opened and closed in a very close range to each other as the Market gaped up on the opening bell and remained in that area. The Bulls did hold the levels, but they did not build off the gap too much through-out the day. The internals helped out as they gave us a good idea of what was going on once again, Gold was up but didn't build too much off the levels.

Once again tech did help the market today as RIMM and AMZN were up again breaking to highs again. RIMM still building off the news that China will carry their Blackberry phones. The levels are still in a wedge pattern with both sides showing their case but neither coming out with anything other than a 1 - 2 day trend.

The week comes to a close tomorrow, and it should be another bland session unless something hits the tape to change that... if institutional investors chose to get a head way on a direction before the weekend I would be surprised but it has happened before.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +4
DOW: +51
NASDAQ: +10
Rus2K:
TSX/S&P:
$VIX: -0.93


Internals:

Core Sector List: 12/4 Pos

- NYSE -
BREADTH: 1.2/1 Pos
AD LINE: +300

- NASDAQ -
BREADTH: 1.8/1 Pos
AD LINE: +11

Today on the Marketbeat: Snow Storms and Choppy markets

Wednesday looked like the bears were finally getting a grasp on those pesky bulls, however, the leadership of tech today led the way higher as the bulls came back and put the market higher towards the end of the session. RIMM + AAPL + GS were the leaders today, as the afternoon proved to be to the bulls as they closed the day near the highs after hitting 1096 on the ES (off the lows of 1086).

The internals were down and then up as the breadth screamed higher as the tech heavy NASDAQ chugged upwards while the ES was still holding the S1 pivot tot he downside. As a result of all these buy programs hitting the market rose of the lows and closed higher.

So this leaves us about exactly where we have been sitting for the past 3 weeks in that area of 1100 to 1080 on the ES as we continue to channel between those highs and lows waiting for this holding pattern to shoot out either way, and considering that the holidays are right around the corner one could say that we might continue this sideways holding pattern until January.

Here are some unusual options:

DRQ - jan 60 calls / MOT - jan 7.5 puts / TSO: Jan 12.5 / BRCD: dec 8 calls / lulu: 25 puts

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -11
DOW: -104
NASDAQ: -16.5
Rus2K: -
TSX/S&P: -
$VIX: +1.40


Internals:

Core Sector List: 14/2 Negative, Gold Down 32pts

- NYSE -
BREADTH: 5/1 Neg
AD LINE: -1160

- NASDAQ -
BREADTH: 1.6/1 Neg
AD LINE: -970

Today on the Marketbeat:

A bearish morning, a choppy afternoon

Today the opening bell was to the downside and the market didn't gain too much ground off that throughout the day. The high point brought the market up to 1097 on the ES futures but failed to fill the mornings opening bell gap and closed the day near pegging the lows. The internals were primarily bearish for the most part of the day, closing the day near their lows with the NYSE Breadth leading the way to the downside (5/1 Neg) while the $VIX pushed up over 1.42 pts.

With a primarily bearish day, we still are sitting in that area of 1100 to 1080 on the ES, which translates to the market still being in the 'showing its hand' area. This means that while the intra-day levels are quite trade able the swing levels are still in quite the holding pattern. The market has pushed up quite alot, and the strength of the bulls should not be fought against, however, with such a bullish rally in the last 8 months the question could be asked how much gas do the bulls have?

All these questions will most likely be answered in the near future, until then trade well and have fun

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -2.5
DOW: +1
NASDAQ: -5
Rus2K: -0.23
TSX/S&P: -16
$VIX: +0.94


Internals:

Core Sector List: 11/5 Negative

- NYSE -
BREADTH: 1.3/1 Neg
AD LINE: +280

- NASDAQ -
BREADTH: 1/1
AD LINE: +55

Today on the Marketbeat: 'Some Chop with that?

Monday, December 7th was a bit of a lack luster start to the week, after seeing many gap opens in the past couple of weeks. The market was range bound for most of the session, moving between 1104 and 1110 on the ES. Around 2:30pm the ES broke to the downside, hitting new lows for the day hovering around those levels untilt he final minutes when it mustered up some bullish candles, mostly likely due to short covering.

The internals were a mixed bag today, with it showing the holiday spirit with red and green all over the place. To put it simple, the market is a traders market until it shows its hand to the upside or downside.

The is no economic data slated for release tomorrow so we could be in for another choppy day unless something hits the tape to move the market.

Happy Trading