Wednesday, April 7, 2010

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: -7
DOW: -72
NASDAQ: -5.5
Rus2K:
TSX/S&P:
$VIX: +0.73


Internals:

Core Sector List: 13/3 Neg

- NYSE -
BREADTH: 1.7/1 Neg
AD LINE: -830

- NASDAQ -
BREADTH: 1.8/1 Pos
AD LINE: -240

Today on the Marketbeat:

The markets finally took a day off of pushing to new highs today as accross the board the markets were lower Wednesday. With weeks and weeks of progressivly higher prices, many investors have been waiting for the market to take a 'breather'. The S&P finished lower about 7 pts while the Dow Jones closed Wednesday down 72 pts. The internals backed up this lower price movement with mostly negative internals. The Breaths finished split with the NYSE in the negative and the NASDAQ in the positive, while both AD Lines finished lower. The Vix tacked on about 0.73 pts, finally lifting off it's lows.

A continued pullback would be healthy for the market overall, as it has pushed higher with little oppertunities to buy pullbacks, this could give investors the opportunity to get long some good stocks that have been running off of Red Bull for the last couple of weeks. Keep an eye on support levels, happy Trading.

No comments: