Monday, March 22, 2010

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: +6
DOW: +43
NASDAQ: +21
Rus2K: +9
TSX/S&P: +38
$VIX: -0.10


Internals:

Core Sector List: 12/4

- NYSE -
BREADTH: 2.7/1
AD LINE: +990

- NASDAQ -
BREADTH: 2.7/1
AD LINE: +760

Today on the Marketbeat:

The market opened up quite lower on the opening bell, most likely due to the news concerning the health care that came out Sunday. The ES Futures opened the day below 1150 support and spent the first hour of trading recapping that gap. Over the lunch hours the market chopped its way higher, stair stepping its way towards the highs of the day around 1162 (on the ES Futures).

The internals were all in the green and the bulls once again flexed their muscles. The core sector list closed the day at its highs, 12 over 4 to the bulls while the breadths both closed the day around 2.7 to 1 to the upside. The Ad Lines both finished the day at respective highs while the vix again lost some ground, down 0.10 pts.

With support held and many stocks showing potential break outs and bounces to the upside, we are keeping our eyes on the support on the SPX of 1155 and the other eye on the 1170 line in the sand that should take the market higher if it is taken out.

Happy Trading

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