Wednesday, May 19, 2010

Today on the Marketbeat:






Market #'s @ Closing Bell:

S&P: -5
DOW: -66
NASDAQ: -17
Rus2K: -8
TSX/S&P: -87
$VIX: +1.7


Internals:

Core Sector List: 11/5 Neg

- NYSE -
BREADTH: 2/1 Neg
AD LINE: -1800

- NASDAQ -
BREADTH: 2.8/1 Neg
AD LINE: -1400

Today on the Marketbeat:

The Market sold off once again as European financial fears once again loomed over investors minds. Across the board, stocks were in the red - The S&P finished down 5 pts, while the DOW lost 66 and the NASDAQ closed the session down 17 pts. The internals were not heavily bearish on the breadths, but both NYSE & NASDAQ Ad Lines closed the day under 1000 ticks to the downside, which is somewhat significant.

This week is options expiry which more often than not is a bullish week, but with the bearish sentiment still seemingly strong, we might see some more sell off into the weeks end.

Happy Trading

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