Market #'s @ Closing Bell:
S&P: +3
DOW: -12
NASDAQ: UNCH
Rus2K: -1
TSX/S&P: +20
$VIX: -0.58
Internals:
Core Sector List: 11/5 Pos
- NYSE -
BREADTH: 2.2/1 Pos
AD LINE: +600
- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: -300
Today on the Marketbeat: A whole lotta fight, very lil to show...
Tuesday looked to start the day bearish but the bulls are a feisty bunch. The day was very much like many of the days of 2009 when following a strong rally day, the market just floundered between slight bearish numbers to slight bullish numbers. The market did close near the highs of the day, with the internals closing at the highs on the NYSE.
The tale of the day was SOH (or sit on hands) if your looking to swing trade, if you are a day trader than perhaps some plays might have caught your eye, but overall the day was a bit of a lackluster. The internals spent the day battling for bragging rights come the closing bell with the bulls edging out the bears with slightly better numbers.
One stock of note today hit my tape. Verizon (VZ) hit the unusual options tape as it traded over 1 million contracts of the Jan 30 Call. Now we cannot tell right now if that is sold or bought, the fact is that this is a big number of shares for on strike price. Mumbles have said that it is a dividend play but it's good to keep an eye on this one because it might just turn some heads.
Until Wednesday, Happy Trading



No comments:
Post a Comment