Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -6
DOW: -52
NASDAQ: -16
Rus2K: -6.5
TSX/S&P: -68
$VIX: +1.17


Internals:

Core Sector List: 14/2 Bears

- NYSE -
BREADTH: 1.3/1 Neg
AD LINE: -990

- NASDAQ -
BREADTH: 1.3/1 Neg
AD LINE: -750

Today on the Marketbeat:

Three down and two to go this week as the Market closes on this Wednesday March 24th. The tone of the market was quite bearish today, although it wasn't a wash out bearish run like many have been looking for (retracement). The internals were essentially all bearish, but aside from the Core Sector list closing at 14 over 2 tot he bears, the rest of the internals were only slightly in the red.

The one big gain for the bears is that the managed to take out the short term support (1170 on the SPX). With a close below this short term support we could see a further pullback to prior support levels (1150 area). However, the saying 'one day does not make a trend' must come into play here as in the last 2 weeks the market has been up more than 70% of the time, this does also lend tot he idea of a pullback - but until something changes in the market, we have to trade what we see.

Happy Trading.