Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -5
DOW: -66
NASDAQ: -17
Rus2K: -8
TSX/S&P: -87
$VIX: +1.7


Internals:

Core Sector List: 11/5 Neg

- NYSE -
BREADTH: 2/1 Neg
AD LINE: -1800

- NASDAQ -
BREADTH: 2.8/1 Neg
AD LINE: -1400

Today on the Marketbeat:

The Market sold off once again as European financial fears once again loomed over investors minds. Across the board, stocks were in the red - The S&P finished down 5 pts, while the DOW lost 66 and the NASDAQ closed the session down 17 pts. The internals were not heavily bearish on the breadths, but both NYSE & NASDAQ Ad Lines closed the day under 1000 ticks to the downside, which is somewhat significant.

This week is options expiry which more often than not is a bullish week, but with the bearish sentiment still seemingly strong, we might see some more sell off into the weeks end.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -16
DOW: -115
NASDAQ: -37
Rus2K: -
TSX/S&P: -
$VIX: +2.71


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 8/1 Neg
AD LINE: -1700

- NASDAQ -
BREADTH: 6.7/1 Neg
AD LINE: -1300

Today on the Marketbeat:

The market that bounced off the lows yesterday Afternoon, gaped higher this morning only to sell off all those gains and pushing towards yesterdays lows and closing there. With a 10 pts ES gap up in the morning, the Futures moved 26 pts of those levels to close 16 pts lower on the day.

The internals were the first clue that this market was standing on shaky foundation as 20 minutes before noon eastern the Breadth crossed over from positive to negative territory. The Ad Line made its highs in the first 20 min, then bled off to the lows of the day which it too closed at.

The market seems to be in need of some time to work out which direction they want to continue towards in the coming weeks, until there is a clear direction look to take profits on shorter termed trades.

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +48
DOW: +405
NASDAQ: +109
Rus2K: +
TSX/S&P: +
$VIX: -12


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 29.5/1
AD LINE: +2850

- NASDAQ -
BREADTH: 13/1
AD LINE: +2150

Today on the Marketbeat:

The huge losses that were put in on Thursday last week, when the "Citigroup Billion dollar mistake" occurred have almost all been returned as the markets opened this week with a huge big money gap to the upside. The markets were a sea of green today as every sector in the core sector list finished the day to the upside. All internals finished high into positive territory. The vix was sent down about 12 points lower as investors gained more confidence.

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -38
DOW: -348
NASDAQ: -82
Rus2K: -
TSX/S&P: -
$VIX: +10.30

Internals: All Bearish (Negative, with the exception of Gold)

Core Sector List: 15/1 (GOld Up)

- NYSE -
BREADTH: 23/1
AD LINE: -2800
- NASDAQ -
BREADTH: 15/1
AD LINE: -2100

Today on the Marketbeat:
At approx 2PM today the market sold off to the extent I have never seen before, it went from being down around 25 pts on the ES Futures (S&P 500) to down over 100 pts in under 30 minutes. LAte in the day the market rallied off these monster lows, and closed about 40 pts down. NEar the closing bell news hit the wire that a 'human error', a trader/manager over at Citigroup put a order for one billion, when he/she meant one million and it set of a chain reaction that sent many quote privders into over drive. Spreads on some options were about $4-5 on every strike.


The internals were bearish and even after the market pushed off the lows, close din heavy bearish territory. So what is a personal trader to do form here? Well first we need to establish if this mistake sent big money into a consolidation period or possibly rally at these lower levels where many stocks are at much more value based areas. Once we have a better idea look for stocks that were doing great but were too extended, alot of these stocks might be at great buying areas and if the market rallies we could see a nice bounce.

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -28
DOW: -225 (-2%)
NASDAQ: -75
Rus2K: -23
TSX/S&P: -165
$VIX: +3.84


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 15/1
AD LINE: 2200

- NASDAQ -
BREADTH: 10/1
AD LINE: 2000

Today on the Marketbeat:

The markets were down 2% across the board, the VIX ripped with the market slide as all sectors take a hit Tuesday. After months of gains in the markets, investors - big money or personal have been watching for an extended pullback, and by extended I mean a pullback that lasts longer than a couple hours or one day. The market has moved lower 3 times in the past 7 trading day and each pullback has been greater than the bounce there after.

The internals were all bears today, with the core sector list pegged 16 to 0 to the bears. The Breadths both finished heavily bearish, the NYSE closed the day 15 to 1, and the NASDAQ 10 to 1, while the VIX rose almost 4 pts to close at the highest level in almost 3 months.

Who knows if this pullback will continue as a move lower could still be considered 'healthy' to many investors and TV heads. The bottom line is establish a solid level of support and resistance for your trades and trade your plan. Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +1
DOW: +21
NASDAQ: +10
Rus2K: +1.85
TSX/S&P: -2.22
$VIX: +0.36


Internals:

Core Sector List: 8/8 Split

- NYSE -
BREADTH: 1.4/1 Neg
AD LINE: -100

- NASDAQ -
BREADTH: 2/1 Pos
AD LINE: +400

Today on the Marketbeat:

Another day higher, but the bulls didn't have the strength that they displayed during yesterdays rally. The Internals were split down the middle with the NYSE finishing the day negative, and the NASDAQ closed higher.

Tomorrow is options expiry so anything could happen, After hours Google reported their earnings and at the time of this writing the shares were down 3%.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +13.3
DOW: +103
NASDAQ: +39
Rus2K:
TSX/S&P:
$VIX: -0.40


Internals: Positive

Core Sector List: 13/3

- NYSE -
BREADTH: 5/1
AD LINE: 1650

- NASDAQ -
BREADTH: 9/1
AD LINE: 1600

Today on the Marketbeat:

The Bull's laid the smack down on the Celtics last night (NBA) and I guess the Bull's in New York took that as a sign from above to push the markets higher, with some back up behind it. The markets across the board finished higher as we once again broke out to new 18 month highs. The internals were fully behind the market as they all finished in the green and the VIX once again hit new lows. With earnings season now in full swing, we could see good postings push the market up to the new line in the sand to the upside, 1220 (ES FUTURES/ $SPX). To the Downside, I'd say that the 1200/1190 level on the ES futures would also bee a good level to keep an eye on if we were to go lower. Either way plan your trade and trade your plan - and most of all let the market tell you where it wants to go and don't fight it.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +0.8
DOW: +13
NASDAQ: +8
Rus2K: ++2
TSX/S&P: -40
$VIX: +0.61

Internals:

Core Sector List: 11/5

- NYSE -
BREADTH: 1.5/1 Neg
AD LINE: -173

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: +82

Today on the Marketbeat:

Another close higher, but how strong was the market?

The markets did gap lower Tuesday morning, only to push from S2 to R1 throughout the day. So at first glance one could argue that the bulls ruled the day, however - when looking at the internals and how off they were today and it did leave us here a bit confused.

The breadths were the major concern today as the NYSE breadth was hitting new lows at the Market was hitting new highs, usually a dis-connection like this means something under the hood is brewing, but with earnings season just kicking off it could of just been a bit of bad digestion. Keep an eye on 1190 on the ES ($SPX) futures for support, if this fails we could pull back a little further as we have tested 1200 for two days now without be able to push through yet.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +2
DOW: +17
NASDAQ: +35
Rus2K: +
TSX/S&P:
$VIX: -0.61


Internals:

Core Sector List: 12/4 Positive

- NYSE -
BREADTH: 1.8/1
AD LINE: +440

- NASDAQ -
BREADTH: 1.4/1
AD LINE: +275

Today on the Marketbeat:

The Markets opened Options Expiry week with a choppy move to the upside. The markets closed the day with slight gains as the bulls once again opened the week flexing their muscles. The internals all finished the day in the green, while the VIX once again moves lower. With earnings season right around the bend, we could be in for a wild couple of weeks, for if there could be any trigger for a powerful move in either direction, earnings season is deffinatly that kind of trigger.

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -7
DOW: -72
NASDAQ: -5.5
Rus2K:
TSX/S&P:
$VIX: +0.73


Internals:

Core Sector List: 13/3 Neg

- NYSE -
BREADTH: 1.7/1 Neg
AD LINE: -830

- NASDAQ -
BREADTH: 1.8/1 Pos
AD LINE: -240

Today on the Marketbeat:

The markets finally took a day off of pushing to new highs today as accross the board the markets were lower Wednesday. With weeks and weeks of progressivly higher prices, many investors have been waiting for the market to take a 'breather'. The S&P finished lower about 7 pts while the Dow Jones closed Wednesday down 72 pts. The internals backed up this lower price movement with mostly negative internals. The Breaths finished split with the NYSE in the negative and the NASDAQ in the positive, while both AD Lines finished lower. The Vix tacked on about 0.73 pts, finally lifting off it's lows.

A continued pullback would be healthy for the market overall, as it has pushed higher with little oppertunities to buy pullbacks, this could give investors the opportunity to get long some good stocks that have been running off of Red Bull for the last couple of weeks. Keep an eye on support levels, happy Trading.

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +9
DOW: +46.5
NASDAQ: +27
Rus2K: +12
TSX/S&P: +25
$VIX: -0.40


Internals:

Core Sector List: 14/2 Pos

- NYSE -
BREADTH: 4.7/1 Pos
AD LINE: +1300

- NASDAQ -
BREADTH: 6.4 /1 Pos
AD LINE: +1360

Today on the Marketbeat:

The market got off the a hoppy start on Easter Monday. Across the board stocks flew higher in the morning but put in some mean sideways action throughout the afternoon. Dispite the slowdown in volume and upwards momemtum throughout the afternoon, the markets closed higher once more and are in a great position to continue to move higher. One thing to keep in mind is the fact that we are entering earnings season and we could be witnessing a run up into higher levels, that will be sold off as soon as earnings begin. However until something changes, we remain bullish.

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +0.25
DOW: +11.5
NASDAQ: +6
Rus2K: +1.69
TSX/S&P: +14.5
$VIX: -0.35


Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 1.4/1 Neg
AD LINE: +90

- NASDAQ -
BREADTH: 1.1/1 Pos
AD LINE: +200

Today on the Marketbeat:

Tuesday's trade day is what you would call an inside day. The internals spilt the day with both bears and bulls putting in their case. More fear left the market as it finished down 0.35 pts.

With the end of the quarter upon us it could be considered that there will not be any huge market moving days this week, as it is a holiday short week.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +6.5
DOW: +45
NASDAQ: +9
Rus2K:
TSX/S&P:
$VIX:


Internals:

Core Sector List: 11/5

- NYSE -
BREADTH: 1.9/1 Pos
AD LINE: +1140

- NASDAQ -
BREADTH: 1.3/1 Pos
AD LINE: +440

Today on the Marketbeat:

Another choppy Monday in the markets today. The market was up pre-trading around the same level that it closed at today. Even though the market did not break out to new highs today, it did finish higher across the board. The Core sector list closed the day in the green 11 over 5 and the AD LINES bother closed the day positive. The breadths and $TICK were possibly the one sign that today's lift wouldn't last (intraday at least) because the breadth failed to continue to make higher highs and the TICK never reached the 1000 mark, both signs that the upside volume wasn't increasing.

This is a short week because of the Easter holiday (Good Friday), it's also seen as one of the last weeks of this quarter. This means alot of earnings will begin in April so that could be a a big market mover next week - for this week it could mean we don't move too much. We will have to wait to see what happens from here, but keeping your eye on shorter termed trades until we get a definite idea of direction could be good practice.

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -2
DOW: +5
NASDAQ: -1
Rus2K: -3
TSX/S&P: +2.5
$VIX: +0.88


Internals:

Core Sector List: 10/6

- NYSE -
BREADTH: 1.3/1 Neg
AD LINE: -550

- NASDAQ -
BREADTH: 1.6/1 Neg
AD LINE: -660

Today on the Marketbeat:

The market may have looked to go sideways today however when taking a closed look into the intraday swings, the market hit new 52 week highs but failed to hold that, and collapsed into itself as the market now puts in a nice big topping tail, so the question remains...Is this a short term top, are we ready to roll over now?

If that is the case, then a good short term downside target would be 1150 on ES (15 pt swing lower)
If the market breaks that level then 1120 would be the next area of strong support, which would mean a solid 40 pt swing on the ES futures (which represent the $SPX).

The internals told the tale as it showed the real story of Thursday trading. The market totally lost all its internal strength around 1:30 pm and continued to weaken there-after. This along with the topping tail candle on the daily gives the bears a good argument to say they could come out of hibernation. If they do, watch those levels posted above - if the market bounces higher then continue looking for strong stocks.

Happy trading...

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -6
DOW: -52
NASDAQ: -16
Rus2K: -6.5
TSX/S&P: -68
$VIX: +1.17


Internals:

Core Sector List: 14/2 Bears

- NYSE -
BREADTH: 1.3/1 Neg
AD LINE: -990

- NASDAQ -
BREADTH: 1.3/1 Neg
AD LINE: -750

Today on the Marketbeat:

Three down and two to go this week as the Market closes on this Wednesday March 24th. The tone of the market was quite bearish today, although it wasn't a wash out bearish run like many have been looking for (retracement). The internals were essentially all bearish, but aside from the Core Sector list closing at 14 over 2 tot he bears, the rest of the internals were only slightly in the red.

The one big gain for the bears is that the managed to take out the short term support (1170 on the SPX). With a close below this short term support we could see a further pullback to prior support levels (1150 area). However, the saying 'one day does not make a trend' must come into play here as in the last 2 weeks the market has been up more than 70% of the time, this does also lend tot he idea of a pullback - but until something changes in the market, we have to trade what we see.

Happy Trading.

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +8
DOW: +103
NASDAQ: +19
Rus2K: +7.5
TSX/S&P: +76
$VIX: -0.57


Internals:

Core Sector List: 15/1

- NYSE -
BREADTH: 3.5/1 Pos
AD LINE: +1370

- NASDAQ -
BREADTH: 4.4/1 Pos
AD LINE: +925

Today on the Marketbeat:

Higher highs, and lower lows were the story of Tuesday trading session. The bulls once again pushed the bears to their limits in early trading, as they chopped it out until the bears gave in and the bulls broke out of 1170 on the SPX. So now as we look to higher levels on the market, we keep 1170 as out quick line in the sand, if the market is going to roll over, that will be the first area to be tested...

The internals today were quite bullish towards the closing bell but spent a good part of the AD LINES closed the day up 1300 on the NYSE and 925 on the NASDAQ. The vix lost another 0.57 pts as it once again hits new 12 mth lows. The bulls are taking this market higher, even if under the hood of the market (fundamentals & data) aren't so great. Keep a keen eye on the market, it is nearing high levels and could pull back, but don't fight the trend.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +6
DOW: +43
NASDAQ: +21
Rus2K: +9
TSX/S&P: +38
$VIX: -0.10


Internals:

Core Sector List: 12/4

- NYSE -
BREADTH: 2.7/1
AD LINE: +990

- NASDAQ -
BREADTH: 2.7/1
AD LINE: +760

Today on the Marketbeat:

The market opened up quite lower on the opening bell, most likely due to the news concerning the health care that came out Sunday. The ES Futures opened the day below 1150 support and spent the first hour of trading recapping that gap. Over the lunch hours the market chopped its way higher, stair stepping its way towards the highs of the day around 1162 (on the ES Futures).

The internals were all in the green and the bulls once again flexed their muscles. The core sector list closed the day at its highs, 12 over 4 to the bulls while the breadths both closed the day around 2.7 to 1 to the upside. The Ad Lines both finished the day at respective highs while the vix again lost some ground, down 0.10 pts.

With support held and many stocks showing potential break outs and bounces to the upside, we are keeping our eyes on the support on the SPX of 1155 and the other eye on the 1170 line in the sand that should take the market higher if it is taken out.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -1
DOW: +45
NASDAQ: +2
Rus2K: -2
TSX/S&P: -63
$VIX: -0.34


Internals:

Core Sector List: 11/5 Neg

- NYSE -
BREADTH: 2/1 Neg
AD LINE: -463

- NASDAQ -
BREADTH: 1.1/1 Neg
AD LINE: -370

Today on the Marketbeat:

Thursday was a day of disconnect, as the internals did not dictate the movement of the market. The internals across the board were negative, but the DOW, NASDAQ both finished the day up, while the S&P and Russel were slightly lower. Add the fact that with bearish internals and bullish price action the VIX also was lower on the day, suggesting that fear is not very present in this market.

One could say that Thursday was a day of a lot of inside action, meaning the inside players were moving the market. Tomorrow is the options expiry for March options for keep that in mind as we could peg some solid numbers on some big name stocks.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +6.75
DOW: +47
NASDAQ: +11
Rus2K: -
TSX/S&P: -
$VIX: -0.84


Internals:

Core Sector List: 12/4 Bulls

- NYSE -
BREADTH: 2/1
AD LINE: +1270

- NASDAQ -
BREADTH: 1.4/1
AD LINE: +510

Today on the Marketbeat:

The market returns to new highs. Bullish numbers across the board as the market moved higher once again. This post fed rally did fall a bit short of closing near the highs but with bullish internals across the board, it's safe to say the bulls still are doing well.

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +9
DOW: +44
NASDAQ: +16
Rus2K: +5
TSX/S&P: +80
$VIX: -0.30


Internals:

Core Sector List: 15/1

- NYSE -
BREADTH: 5/1 Pos
AD LINE: 1400+

- NASDAQ -
BREADTH: 2/1 Pos
AD LINE: 700+

Today on the Marketbeat:

The bulls put to rest any doubt market dwellers had from Monday's intra-day move lower. The bulls rallied the markets up across the board as once again new 52 week highs were made on the SPX

As long as 1150 support holds (on the SPX) the bulls are still in control. Internals confirmed the move today.

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +0.5
DOW: +17
NASDAQ: -5
Rus2K: -1
TSX/S&P:
$VIX: +0.38


Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 2/1 Neg
AD LINE: -501

- NASDAQ -
BREADTH: 1.2/1 Neg
AD LINE: -600

Today on the Marketbeat:

The markets finally looked to pull back more than just a couple of points on Monday, however the move lower was only a intraday move and was quickly bought up into the close. This puts us in a situation where several outcomes could be possible, the first we move higher after the market has moved lower and bounced off those levels. 2 - we could move lower after buyers bought up what they thought was a shake out. or lastly we could just chop around until something news wise pushes up either up or down. At either rate all these possibilities should be put into mind when planning trades.

Happy Trading.

Today On The Marketbeat:

Market #'s @ Closing Bell:

S&P: +4.5
DOW: +44
NASDAQ: +9.5
Rus2K:
TSX/S&P:
$VIX: -0.50

Internals:

Core Sector List: 14/2

- NYSE -
BREADTH: 2.5/1 Pos
AD LINE: +580

- NASDAQ -
BREADTH: 1.4 Pos
AD LINE: +377

Today on the Marketbeat:

Well the bulls were in the drivers seat once again by closing bell time as the bears pushed the market down on the open only to watch the bulls fill the gap and tear higher, almost pegging the January highs to the penny.

Under the hood the internals were primarily bullish, with everything closing in the green, with the core sector list closing 14/2, the breadths up about 2/1 on the NYSE and 1.5/1 on the NASDAQ. The vix lost another 55 cents as the bulls pushed the market close to new 6 month highs.

Friday will mark roll over for the futures so keep that in mind if your watching and/or trading futures of any kind.

Happy Trading

Today On The Marketbeat:

Market #'s @ Closing Bell:

S&P: +2
DOW: +12
NASDAQ: +8.5
Rus2K: +1.8
TSX/S&P: -40
$VIX: +0.18


Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 1.7/1 Pos
AD LINE: +390

- NASDAQ -
BREADTH: 2.2/1 Pos
AD LINE: +300

Today on the Marketbeat:

See-saw was the theme of Tuesdays intraday action. The Market started the day lower, but the bulls pushed it up as the morning progressed. During the afternoon the market began to chop and there was a brief shake out to the downside, before the bulls pushed the market up, to finish the day with another bullish move up.

Under the hood, the internals were essentially bullish, with the exception of the core sector list (which finished the day split) and the VIX (which closed up 18 cents). The rest of the internals closed Tuesday in the bullish area, furthering the idea that the bulls are still in control until support is taken out.

Happy Trading

Today On The Marketbeat:

Market #'s @ Closing Bell:

S&P: -0.2
DOW: -13
NASDAQ: +5.5
Rus2K: +1.5
TSX/S&P: +2
$VIX: +0.28


Internals:

Core Sector List: 10/6 Bears

- NYSE -
BREADTH: 1.1/1 Pos
AD LINE: +530

- NASDAQ -
BREADTH: 1.6/1 Pos
AD LINE: +450

Today on the Marketbeat:

Another Manic Monday

The market opened the week with a chopping day, showing a bit of a truce between the bulls and bears. The market closed slightly lower but the bulls still seem to be in control of the market.

Under the hood the internals were basically flat, with the core sector list closing to the bears, while AD lines and Breadths put in a bullish day. The VIX added about 0.28 pts as Monday was more of a digestion day.

There isn't any economic data scheduled for release so Tuesday should be an interesting day to see where we go from here.

Happy Trading.

Today On The Marketbeat:

Market #'s @ Closing Bell:

S&P: +0.5
DOW: -9
NASDAQ: 0
Rus2K:
TSX/S&P:
$VIX: -0.22


Internals:

Core Sector List: 9/7

- NYSE -
BREADTH: 1.2
AD LINE: +270

- NASDAQ -
BREADTH: 1.1
AD LINE: +170

Today on the Marketbeat: Another Day, Another dropper...

For the second consecutive day, the bullish push from the morning session is all but wiped out in the afternoon. Yesterday saw a slight bullish push higher, and today looked to further that push. However, the rally was short lived as most of the gains were taken out in the afternoon. No news hit the tape as to why the bullish attempt to move higher was stopped in its tracks, but one look at a daily chart of the $SPX and you can get a clearer picture as the markets are encountering resistance and have now put in two topping tails on the daily chart

Under the hood the internals finished the day essentially split down the middle. With data to come on Friday morning, we could see the market chop along till that news hits the tape, until then it's safe to say we can expect anything, watch past support areas if the market turns over

Happy Trading

Today On The Marketbeat:

Market #'s @ Closing Bell:

S&P: +3
DOW: +2
NASDAQ: +7
Rus2K: +4.7
TSX/S&P: +87
$VIX: -0.17


Internals:

Core Sector List: 9/7

- NYSE -
BREADTH: 2/1 Pos
AD LINE: 1200

- NASDAQ -
BREADTH: 1.7/1 Pos
AD LINE: 890

Today on the Marketbeat:

With a bullish Monday behind us, the bulls looked to pick up where they left off, and they did just that for the most part of Tuesdays trading. That is, until the bears decided that last nights high would be enough for the bulls to feast on for now, as they flushed out the buyers with a flood of selling taking place after 2:3o pm. The Market tried to hold on but on the most part put in alot of topping tails across the board

Under the hood the bulls did hold onto the bullish close but after the move they enjoyed for the most part of Tuesday was not close to as strong. the Core sector list finished the day with 9 sectors in the green and 7 in the red, the Breadths closed the day around 2 to 1 to the bulls while the AD LINES closed the day around +1000 ticks. The Vix lost a small % today, down 17 cents.

Today On The Marketbeat:

Market #'s @ Closing Bell:

S&P: +11
DOW: +78
NASDAQ: +35
Rus2K: +13
TSX/S&P: +92
$VIX: -0.25


Internals:

Core Sector List: 15/1

- NYSE -
BREADTH: 4.4/1
AD LINE: 1740

- NASDAQ -
BREADTH: 2.2/1
AD LINE: 1350

Today on the Marketbeat:

Monday opened up the week with a decent move up for the Bulls. The bulls got off to a good start on the opening bell and pushed higher throughout the day, pulling back slightly at the close. The one kink in the bulls armour today is that the volume was not above average so when the late day pull back came, prices came in with them across the board.

Under the hood the internals were all in the green with the Core Sector list finishing the day at 15 to 1 to the bulls, with just the banking sector in the red slightly. The Breadth finished the day near its highs on both the NYSE and NASDAQ. The Vix finished out the group with a slight move lower, down 0.25 pts.

Unusual Options: Put Side - FRX/ SLM / WLP

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -13
DOW: -100
NASDAQ: -27
Rus2K: -6
TSX/S&P: -106
$VIX: +1.51


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 6.5/1
AD LINE: -1235

- NASDAQ -
BREADTH: 4/1
AD LINE: -800

Today on the Marketbeat:

The market put in a big red bar in Tuesdays trading as the market falls about 1% across the board. This might of been big news coming a couple weeks ago as the market was in rally mode, but after such a decent push up; it's not a surprise some profits were taken at resistance.

The red was not just confined to the price action as the internals were a seas of red. The core sector finished the day pegged 16 to 0 to the Bears.
The breadths closed the day at their lows and the AD Line shared a very similar story. The only green in the internals came in the form of the $VIX, which was up over 1.5pts today.

Where the market goes from here is any ones guess, although after such a decent push up after the retracement, putting in lower lows seems like a bit of a stretch. IMO the market could just rattle up and down for a little while, which would give us a chance to imply some spread strategies.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +7
DOW: +83
NASDAQ: +17
Rus2K: +4
TSX/S&P: +57
$VIX: -1.02


Internals:

Core Sector List: 14/2

- NYSE -
BREADTH: 3/1
AD LINE: 1150

- NASDAQ -
BREADTH: 2.2/1
AD LINE: 475

Today on the Marketbeat:

Well with the lack of the break through 1100 on the SPX yesterday, the big question was could the market push higher today? Well that was answered today as the market, moved by the bulls, pushed through that all important number of 1100 on the SPX and the ES futures, and held it into the close. Another important number to keep in mind after today's trading is the 50 day MA (Moving Average). We essentially pegged it in today's trading so it should be interesting to see what the market will do now that it has reached a big MA level and has pushed in rally mode for a bit of an extended run.

The internals were essentially in the green today with the core sector list closing the day up 14 to 2 for the bulls, while the Breadths finished the day at 3/1 on the NYSE and 2.2/1 on the NASDAQ. The vix continued its downward slide, down just a little over a point while the AD Lines closed the day positive.

Its important to note that tomorrow is Options Expiry so if you have any February options be ready to sell them before the bell if you haven't already. I've been tinkering with some different kinda of spreads to help deal with this volatility and sometimes drastic ranges in the market. This weekend ill post some of the new ideas I'm looking at for the new month.

Till then Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +4.5
DOW: +40
NASDAQ: +12
Rus2K:
TSX/S&P:
$VIX: -0.53


Internals:

Core Sector List: 10/6/

- NYSE -
BREADTH: 2/1 Pos
AD LINE: 1000

- NASDAQ -
BREADTH: 2/1 Pos
AD LINE: 500

Today on the Marketbeat:

Wednesday saw the $SPX hit 1100 for a brief moment as the market hit another new high this week as it continues to reclaim those lost levels of support that broke a couple weeks ago. Although the market did break through 1100 on the $SPX it did not hold these levels and failed to close above it by half a point. On the ES Futures, it wasn't strong enough to break the 1100 mark as it fell short of hitting it by a 1/4 of a point near closing bell.

Although the market hit new highs it spent the better part of today's trading day chopping, or channelling between 1099 and 1093. The internals were bullish but not as strong as the past days of the bullish run, the Core Sector list closed the day at 10/6 for the bulls, while the breadths closed the day at 2 to 1 for the bulls. The VIX posted a loss of about 53 cents and the AD Lines closed the day up 1000 on the NYSE and 500 on the NASDAQ.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +19
DOW: +169
NASDAQ: +29
Rus2K: +8.8
TSX/S&P: +130
$VIX: -0.41


Internals:

Core Sector List: 16/0 Bulls

- NYSE -
BREADTH: 10/1
AD LINE: 1990

- NASDAQ -
BREADTH: 1.32/1
AD LINE:

Today on the Marketbeat:

New week, old highs as the market began the week with a bullish sentiment. With Monday a day off the market opened Tuesday morning with a gap higher over 1080 on the ES (S&P Futures). The bulls let off for a couple minutes after the opening bell then pushed to progressively higher highs pretty much until the closing bell, finishing the day near the high at 104 on the ES.

Although many might of had a bearish outlook for today's opening the market thought different as under the hood the market was an example of one sided internals. The Core sector list finished the day pegged 16 to 0 and the breadths and ad lines finished near their respective highs.

Watch 1100 as a possible level of resistance as the week continues, if the market happens to roll over then look for high flyer's with 'unsustainable' moves to short

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +10
DOW: +106
NASDAQ: +29.5
Rus2K: +9
TSX/S&P: +126
$VIX: -1.40


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 3.8/1 Pos
AD LINE: +1620

- NASDAQ -
BREADTH: 5/1 Pos
AD LINE: +1300

Today on the Marketbeat:

The market clawed back some of its lost ground once again today as the market pushed higher after yesterdays chop fest. Although the S&P fell a little short of regaining the lost support of 1080, it did peg that # in today's trading. The volume was also a not too bad today as the bulls were in late week rally mode, up slightly from yesterdays volume.

Under the hood,the market was strong to the upside with all of the internals finishing in the green today. The Core sector list led the way finishing at the high of the day @ 16/0 to the Bulls. The Ad Lines both finished up over 1000 ticks, and the Breadths closed the day @ 3.8/1 on the NYSE and 5/1 on the NASDAQ both to the upside. The Vix lost a good chunk, down 1.4pts in today's trading.

Some economic data remains for Friday's trading so be careful if you initiated any new long positions, as Friday could be a hectic day. Monday is a holiday also so keep that in mind as next week is expiration week.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +11
DOW:
NASDAQ: +17
Rus2K:
TSX/S&P:
$VIX: -0.55


Internals:

Core Sector List: 16/0 Pos

- NYSE -
BREADTH: 7/1 Pos
AD LINE: +1700

- NASDAQ -
BREADTH: 3.5/1 Pos
AD LINE: +1100

Today on the Marketbeat:

The S&P recaptures the 1070 flag..

Well after Mondays move lower on the market, Tuesday looked to recapture some of the lost ground as the ES futures opened the day with a gap up of about 10 pts. However, with the market unable to push to relative higher highs on the day, that gap nearly filled before 11am, but when all the traders went on lunch, the market rallied into new intra day highs, hitting 1077 before it would retrace into a channel for the most part of the afternoon. The market closed a bit off its highs, but it did gain a solid amount, closing the day around 1067 on the ES.

The internals spent the majority of the day in bullish mode with the core sector list leading the way with a 16 over 0 close to the bulls. The Vix lost about 55 cents as the fear was not an issue in today's trading. The Breadths closed the day at their highs with the NYSE breadth finishing @ 7/1 positive and the NASDAQ @ 3.5/1 Pos... Overall a strong performance by the bulls price wise and under the hood.

BIDU released earnings after hours and from the looks of the after hours trading it is up huge around 34 pts to the upside as of 5pm. This could be a big impact player for the bulls camp on the NASDAQ tomorrow so watch for more news on this

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -9.5
DOW: -103
NASDAQ: -15
Rus2K: -6
TSX/S&P: -114
$VIX: +0.44


Internals:

Core Sector List: 14/2 Bears

- NYSE -
BREADTH: 3.3/1 Neg
AD LINE: -900

- NASDAQ -
BREADTH: 2.5/1 Neg
AD LINE: -875

Today on the Marketbeat:

The week of trading got off to an interesting start Monday as the market pulled a bit of a reversal late in the day Friday, recapping alot of the lost ground which may have led traders to think that the market could be in for a rally this morning, and for the first couple of trading hours today the market did just that. However hitting the days high around 1068.5 on the ES Futures around 11am, the market rolled over and finished the day lower once again across the board.

Under the hood the internals battled from bears, to bulls all day until the bears pulled away with it in the last hours of trading. All the internals closed in the red today, with the VIX moving higher once again. The Core Sector list closed the day 14/2 to the bears while the NYSE and NASDAQ breadth closed the day pegging the lows.

Keep an eye on S&P 1050, if that support level is broken then we could fall as low as 1010...

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -35
DOW: -270
NASDAQ: -65
Rus2K: -21
TSX/S&P: -261
$VIX: +4.48


Internals:

Core Sector List: 16/0 Bulls

- NYSE -
BREADTH: 27/1 Neg
AD LINE: -2565

- NASDAQ -
BREADTH: 8/1 Neg
AD LINE: -1950

Today on the Marketbeat:

Thursday the market got hit hard as the bears took lead off the large bear flag and sent the market tumbling over 30 ES points and breaking 10,000 on the DOW JONES. Also as was not the case with the rally earlier in the week, Volume was a large factor as the internals were a sea of red.

The internals were lopsided to the downside today, nothing was bullish as the bears swept all all of those who went long after the rally earlier in the week. The core sector list was pegged 16 to 0 while the Breadth was down huge at the close 27/1 on the NYSE and 8/1 on the NASDAQ. The VIX shot up about 4 and a half points, all the while volume increased. This was a huge breakdown of the bear flag and support could be as low as 103 or lower.

Friday could see a dead cat bounce as the market prepares to go lower next week, this could set up alot of bounce plays to the bear side... Remember anything is possible, but the most probable move is lower.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -6
DOW: -26
NASDAQ: +3
Rus2K: -3.7
TSX/S&P: -12
$VIX: +0.37


Internals:

Core Sector List: 13/3 Bulls

- NYSE -
BREADTH: 3/1 Neg
AD LINE: -700

- NASDAQ -
BREADTH: 1/1
AD LINE: -450

Today on the Marketbeat:

After two consecutive strong showings by the bulls Wednesday evened things out, with either the bulls or bears able to get the market moving deep in either direction. The bears did however have a slight edge on the market, edging out the bulls on the close. The bears also seemed to have an edge on the bulls on the internals as well, with only the NASDAQ closing the day up, the S&P and DOW both closed slightly lower price wise and under the hood.

The NASDAQ was lead by its four horsemen, AAPL and GOOG finished the day up almost 2%, while RIMM closed the day up 3.4% on the day. While the bears did edge the bulls out today they did not have the strength or momentum to move the market much lower, which lends to the idea that we could have seen a short term bottom/support. This doesn't mean by any stretch that the market is done moving lower, it just could imply that the market is happy where it is.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: 14
DOW: 111
NASDAQ: 19
Rus2K:
TSX/S&P:
$VIX: -1.16


Internals:

Core Sector List: 15/1 Bulls

- NYSE -
BREADTH: 5/1
AD LINE: +1660

- NASDAQ -
BREADTH: 2.7/1
AD LINE: +340

Today on the Marketbeat:

The bulls continued their battle to regain lost ground. As was the case with Mondays trading the bullish sentiment started off early and moved higher as the day continued. The AD Lines and Breadths moved higher throughout the day and pegged those highs at the close.

Today's volume was higher than Mondays rally so it gives the bulls a little more leverage to their push higher. Also the VIX once again saw a sizable pullback. The Core Sector list closed the day 15 to 1 to the bulls.

As we approach past support turned new resistance, the market could stall if the bulls run out of bullets, but if the bulls are serious about regaining the ground lost last week then we could see more of this rally

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +15
DOW: +118
NASDAQ: +23
Rus2K: +7
TSX/S&P: +223
$VIX: -2pts


Internals:

Core Sector List: 16/0 Bulls

- NYSE -
BREADTH: 8/1
AD LINE: +1750

- NASDAQ -
BREADTH: 4/1
AD LINE: +730

Today on the Marketbeat:

The bulls bounced back today with some what of a bang, gaping about 7 ES (S&P futures) on the opening bell. This comes as last week saw the market as a whole drop about 1%, as the bears took the market to support levels across the board. The bulls closed the day up 15 pts on the S&P, 118 pts on the Dow, with the VIX down 2 pts. The one chink in the bulls Monday rally is that it took place on lower volume.

The internals were bullish from the open and only got progressively more bullish as the day continued. The Breadth and AD Lines closed near or at their respective highs and the core sector list was pegged 16 to 0 at the close. Definitely a bullish day in price action and under the hood. But like mentioned before, when taking place on lower volume it is something to take into account.

Watch 1090 at possible resistance and 1080 for possible support on the ES futures.
Happy trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -13
DOW: -115
NASDAQ: -42
Rus2K: -10
TSX/S&P: -70
$VIX: +0.59


Internals:

Core Sector List: 13/3 Bears

- NYSE -
BREADTH: 2.3/1 Neg
AD LINE: -1400

- NASDAQ -
BREADTH: 3.8/1 Neg
AD LINE: -1150

Today on the Marketbeat:

The market continued its downward cycle today as the ES futures briefly broke 1080 support, but the bulls were able to hold onto a 1084 close on the $SPX. Many have been calling for a retracement, and after numerous attempts to push the market lower the bears have finally mustered up the biggest retracement since October. If 1080 is taken out it's a big drop lower to strong support. If the bulls want to muster up any sort of resistance then the time is now, on the other side the market has been in need of a healthy retracement, and with the earnings season in full swing; now seems to be that time.

Happy trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +42
DOW: +5
NASDAQ: +
Rus2K:
TSX/S&P:
$VIX:


Internals: 12/4

Core Sector List: 10/6 Bulls

- NYSE -
BREADTH: 1.2/1 Pos
AD LINE: -16 Ticks

- NASDAQ -
BREADTH: 1.5/1 Pos
AD LINE: +530 Ticks

Today on the Marketbeat:

The market continues to knock on the door of 1090 support to the downside on the $SPX. This is really the last leg of support before the market could enter a free fall mode that could take us down a sizable amount. But like before the bulls do not seem content on that happening just yet. The market was a bit of a mess today as it flirted under 1090 for a good part of the day, hitting a low of 1078.5 on the ES Futures. However, around 2:30pm the market flew off that low and ripped over 10 pts to the upside, making a new intra-day high and pegging that level at the close.

The internals matched the markets messy day as they were all over the place until the last hour where they closed at their respective high levels of the day to the upside, with the Core Sector list closing the day 12.4 to the upside and the breadths having a slightly bullish close.

This week promised to be an interesting week and has not disappointed thus far as it has ripped every direction every day, with Friday looming 2 days away we could see more of this madness, keep a keen eye on 1090 on the $SPX

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -4.5
DOW: -3
NASDAQ: -7
Rus2K: -5.8
TSX/S&P: -4.4
$VIX: -0.90D


Internals:

Core Sector List: 10/6 Bulls

- NYSE -
BREADTH: 2.3/1 Neg
AD LINE: -850

- NASDAQ -
BREADTH: 1.1/1 Neg
AD LINE: -900

Today on the Marketbeat:

The Bulls are on guard, the bulls attempted a midday rally but failed to hold onto the strong numbers into the close as the bears took the market down after Monday's small comeback bull rally.

The internals played a vital role in today's see-saw price action, as just as the bulls were beginning to lose their grip on the price gain, the internals (in particular the breadth) began to roll over, around 1:15 pm. This is where the market (ES) put in a double top and then rolled over, so just by keeping a keen eye on the internals - you could close out some positions and keep most of your gains.

The rest of the week should continue to be volatile as more earnings and economic reports continue to come out. Watch 1090 on the $SPX for support.

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: 12
DOW: 122
NASDAQ: 29
Rus2K:
TSX/S&P:
$VIX:


Internals:

Core Sector List: 15/1 Bulls Neg

- NYSE -
BREADTH: 3.5/1 neg
AD LINE: -1500

- NASDAQ -
BREADTH: 3.1/1 neg
AD LINE: -1200

Today on the Marketbeat:

Wednesday got off to a bearish start, gaping lower on the news of the 'vote heard round the world' as the Democrats lost a seat and looking like they will not be able to push that health care bill just yet. This news sent the market in a free fall early in the session but the S&P futures the ES found a bottom after cracking the line in the sand aka 1130 and continued to rally off that low for the better part of the afternoon. This rally took back alot of the damage that the morning sell off set in, but could not capture back the loss taken on the gap. But keep a good eye on that gap area because it could lead to a fill sometime later this week, because as we all know 80% of gaps fill, and they act as very strong magnets, pulling price action near them

So with 1130 on the ES (S&P) well guarded by the bulls (or plunge protection team). The market continues to hold in a bit of a range. Which brings us to one stock that has been mirroring this range very well. Ticker symbol V, or Visa has been in a range for over 2 weeks and when this breaks it could move quite a bit in whichever direction it chooses so keep an eye on that.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +14
DOW: +115
NASDAQ: +30
Rus2K: +10
TSX/S&P: +10
$VIX: -0.40


Internals:

Core Sector List: 16/0 Bulls

- NYSE -
BREADTH: 5.5/1
AD LINE: +1700

- NASDAQ -
BREADTH: 3.4/1
AD LINE: +1000

Today on the Marketbeat:

The week shot off to a bullish start Tuesday as the markets started back up after the long weekend. News of Apple's potential iSlate & new iPhone OS 4.0 sent AAPL soaring throughout the day, closing the day up over 9 dollars. Almost every other sector in the core sector was in the Green today as the market rallied off of Friday's option expiry sell off.

The internals, which had started the day off mixed and not very strong to either side, rallied with he market and closed the day nearly pegging the highs, leading the way was the NYSE Breadth and the core sector list. While the VIX has continued to drop, finishing the day down 0.40 pts.

Earnings will continue to be the headliners as this shortened week continues

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +3
DOW: +30
NASDAQ: +11
Rus2K: +3.5
TSX/S&P: -56
$VIX: -0.16


Internals:

Core Sector List: 10/6 Bulls

- NYSE -
BREADTH: 1.2/1 Pos
AD LINE: +400

- NASDAQ -
BREADTH: 1.5/1 Pos
AD LINE: +350

Today on the Marketbeat:

Thursday proved to be a bit of a chop fest, with the bulls pulling ahead of the game slightly making new 52 week highs once again on the S&P and the Dow. The market moved progressively higher for the most part of Thursdays intraday trading as the bulls once again are pushing the market to new highs and the bears seem to be in winter hibernation.

The internals lead the way today with the breadth and a/d line closing near the highs but not quite pegging them as the market sold off a tiny bit towards the last leg of the session. The Core sector list closed at 10 over 6 while the VIX continues to hit new lows down about 0.16 pts.

More earnings are expected tonight and before the bell so stay frosty and nimble as this market could go either way at these highs

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -10
DOW: -37
NASDAQ: -30
Rus2K: -9
TSX/S&P: -145
$VIX: +0.86


Internals:

Core Sector List: 16/0 Bears

- NYSE -
BREADTH: 4/1 Neg
AD LINE: -1385

- NASDAQ -
BREADTH: 3/1
AD LINE: -1175

Today on the Marketbeat:

Well yesterdays blog mentioned that Alcoa (ticker symbol AA) was kicking off the earnings season with their release of their data Monday night after the bell. We also mentioned that it could have an impact on the markets all together, and that they did.

Alcoa fell way short of their expectations Monday night reporting an earnings share of 1 cent per share and it sent AA free falling after hours, to the point where the trading was halted for a short time. By the time the market was opening this morning the stock was trading down almost 10% and didn't fair much better during the trading hours closing down 11% on the day. Now there are other reasons why the market will move in one direction over another but the sentiment given from this earnings report did seem to have an impact on the market today as it was all in the red and the S&P's came close to breaking the 1130 mark on the ES futures to the downside.

The internals were a sea of red with the Core Sector list, Breadth and A/D Lines all closing on the bearish side, along with all of the big indexes. This could be a sign of things to come, or just a small pull back, watch 1130 on the ES futures Wednesday as if they are broken and close below that level could indicate some further selling.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +2
DOW: +45
NASDAQ: - 4
Rus2K: -0.3
TSX/S&P: -5
$VIX: -0.54


Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 1.5/1 Pos
AD LINE: +530

- NASDAQ -
BREADTH: 1.1/1 Neg
AD LINE: -200

Today on the Marketbeat:

The first trading day of the week has come and gone once again, however bucking the trend of late to open up the week with a gap in either direction today got started with a small gap but moved off the higher open and chopped around very much contained in the lows and highs of the day. It (the Market) did however closed near the highs put in by the gap up but was not up to its normal strong self, showed in the internals which were anything but strong today.

Leading the internals to the upside was the NYSE on the breadth and a/d line closing higher on both while the NASDAQ closed in the negative today. The Core sector list put in another Christmas tree formation, closing the day 50/50 to the bulls and bears respectively. The Vix lost more ground again today minus the choppy aspect of today's trading, giving it another low in it's continuously lower and lower lows.

The new years earnings season will start tonight with Alcoa (AA) setting off the gala of economic reports. If Alcoa hits the ball outta the park (or fails to get a hit) it could be a big market mover on the DOW Tuesday and also set the mood for upcoming earnings releases so keep your eyes on how that plays out.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +4.5
DOW: +33
NASDAQ: -1
Rus2K:
TSX/S&P:
$VIX: -0.18


Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 2.2/1 Pos
AD LINE: +690

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: +460

Today on the Marketbeat:

After 2 slightly days of bearish sentiment, the markets looked to build off that on Thursday as it opened lower but built off those lows for the most part of the day, closing near the highs of the day up almost 5 ES points.

The market has been in a bit of a chop mode since Monday's strong new year open and has not gone down or up with any conviction since then. The days have almost all started with a bearish sentiment and closed with a neutral or bullish sentiment. One way or another the market is going to either violate 1130 to the downside or bounce higher to make another higher high. When this will happen becomes the important question as we must continue to trade within this chop mode until this happens, and we must trade nimbly as the market can stop and turn on a dime.

The internals closed bullish but not extremely strong. The volume was also negative today and the VIX continue to make new lows.

Friday may hold some surprises as some economic data will be released and could make the market move.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +1
DOW: +2
NASDAQ: -8
Rus2K: -1.5
TSX/S&P: +60
$VIX: -0.20


Internals:

Core Sector List: 12/4 Bulls

- NYSE -
BREADTH: 2.4:1
AD LINE: +600

- NASDAQ -
BREADTH: 1.4:1
AD LINE: -280

Today on the Marketbeat:

Half way through the first trading week of the year and the market has put in a second consecutive day of chop. The markets seemed a bit bearish this morning, similar to Tuesdays opening but once again the bulls pushed up again for a new 12 month high on the SPX (however slight it may have been)

The internals were bullish across the board with the exception of the NASDAQ A/D line which was a little over 200 ticks under today. The VIX again shed some more weight as it hit a 18 month low today dropping 20 cents and the breadths both finished the day on the bullish side

The line in the sand continues to be 1130 on the ES (S&P). If it violates that area with some volume we may see a pullback, even if a short one it may be playable. On the flip side if the market continues to rip we may see continued bullish sentiment across the board, only time can tell.

Until next time, Happy Trading