Wednesday, April 14, 2010

Today on the Marketbeat:






Market #'s @ Closing Bell:

S&P: +13.3
DOW: +103
NASDAQ: +39
Rus2K:
TSX/S&P:
$VIX: -0.40


Internals: Positive

Core Sector List: 13/3

- NYSE -
BREADTH: 5/1
AD LINE: 1650

- NASDAQ -
BREADTH: 9/1
AD LINE: 1600

Today on the Marketbeat:

The Bull's laid the smack down on the Celtics last night (NBA) and I guess the Bull's in New York took that as a sign from above to push the markets higher, with some back up behind it. The markets across the board finished higher as we once again broke out to new 18 month highs. The internals were fully behind the market as they all finished in the green and the VIX once again hit new lows. With earnings season now in full swing, we could see good postings push the market up to the new line in the sand to the upside, 1220 (ES FUTURES/ $SPX). To the Downside, I'd say that the 1200/1190 level on the ES futures would also bee a good level to keep an eye on if we were to go lower. Either way plan your trade and trade your plan - and most of all let the market tell you where it wants to go and don't fight it.

Happy Trading

No comments: