Market #'s @ Closing Bell:
S&P: +8
DOW: +103
NASDAQ: +19
Rus2K: +7.5
TSX/S&P: +76
$VIX: -0.57
Internals:
Core Sector List: 15/1
- NYSE -
BREADTH: 3.5/1 Pos
AD LINE: +1370
- NASDAQ -
BREADTH: 4.4/1 Pos
AD LINE: +925
Today on the Marketbeat:
Higher highs, and lower lows were the story of Tuesday trading session. The bulls once again pushed the bears to their limits in early trading, as they chopped it out until the bears gave in and the bulls broke out of 1170 on the SPX. So now as we look to higher levels on the market, we keep 1170 as out quick line in the sand, if the market is going to roll over, that will be the first area to be tested...
The internals today were quite bullish towards the closing bell but spent a good part of the AD LINES closed the day up 1300 on the NYSE and 925 on the NASDAQ. The vix lost another 0.57 pts as it once again hits new 12 mth lows. The bulls are taking this market higher, even if under the hood of the market (fundamentals & data) aren't so great. Keep a keen eye on the market, it is nearing high levels and could pull back, but don't fight the trend.
Happy Trading



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