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



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