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



No comments:
Post a Comment