Tuesday, March 9, 2010

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

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