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