Tuesday, April 13, 2010

Today on the Marketbeat:






Market #'s @ Closing Bell:

S&P: +0.8
DOW: +13
NASDAQ: +8
Rus2K: ++2
TSX/S&P: -40
$VIX: +0.61

Internals:

Core Sector List: 11/5

- NYSE -
BREADTH: 1.5/1 Neg
AD LINE: -173

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: +82

Today on the Marketbeat:

Another close higher, but how strong was the market?

The markets did gap lower Tuesday morning, only to push from S2 to R1 throughout the day. So at first glance one could argue that the bulls ruled the day, however - when looking at the internals and how off they were today and it did leave us here a bit confused.

The breadths were the major concern today as the NYSE breadth was hitting new lows at the Market was hitting new highs, usually a dis-connection like this means something under the hood is brewing, but with earnings season just kicking off it could of just been a bit of bad digestion. Keep an eye on 1190 on the ES ($SPX) futures for support, if this fails we could pull back a little further as we have tested 1200 for two days now without be able to push through yet.

Happy Trading

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