Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +4.5
DOW: +33
NASDAQ: -1
Rus2K:
TSX/S&P:
$VIX: -0.18


Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 2.2/1 Pos
AD LINE: +690

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: +460

Today on the Marketbeat:

After 2 slightly days of bearish sentiment, the markets looked to build off that on Thursday as it opened lower but built off those lows for the most part of the day, closing near the highs of the day up almost 5 ES points.

The market has been in a bit of a chop mode since Monday's strong new year open and has not gone down or up with any conviction since then. The days have almost all started with a bearish sentiment and closed with a neutral or bullish sentiment. One way or another the market is going to either violate 1130 to the downside or bounce higher to make another higher high. When this will happen becomes the important question as we must continue to trade within this chop mode until this happens, and we must trade nimbly as the market can stop and turn on a dime.

The internals closed bullish but not extremely strong. The volume was also negative today and the VIX continue to make new lows.

Friday may hold some surprises as some economic data will be released and could make the market move.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +1
DOW: +2
NASDAQ: -8
Rus2K: -1.5
TSX/S&P: +60
$VIX: -0.20


Internals:

Core Sector List: 12/4 Bulls

- NYSE -
BREADTH: 2.4:1
AD LINE: +600

- NASDAQ -
BREADTH: 1.4:1
AD LINE: -280

Today on the Marketbeat:

Half way through the first trading week of the year and the market has put in a second consecutive day of chop. The markets seemed a bit bearish this morning, similar to Tuesdays opening but once again the bulls pushed up again for a new 12 month high on the SPX (however slight it may have been)

The internals were bullish across the board with the exception of the NASDAQ A/D line which was a little over 200 ticks under today. The VIX again shed some more weight as it hit a 18 month low today dropping 20 cents and the breadths both finished the day on the bullish side

The line in the sand continues to be 1130 on the ES (S&P). If it violates that area with some volume we may see a pullback, even if a short one it may be playable. On the flip side if the market continues to rip we may see continued bullish sentiment across the board, only time can tell.

Until next time, Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +3
DOW: -12
NASDAQ: UNCH
Rus2K: -1
TSX/S&P: +20
$VIX: -0.58


Internals:

Core Sector List: 11/5 Pos

- NYSE -
BREADTH: 2.2/1 Pos
AD LINE: +600

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: -300

Today on the Marketbeat: A whole lotta fight, very lil to show...

Tuesday looked to start the day bearish but the bulls are a feisty bunch. The day was very much like many of the days of 2009 when following a strong rally day, the market just floundered between slight bearish numbers to slight bullish numbers. The market did close near the highs of the day, with the internals closing at the highs on the NYSE.

The tale of the day was SOH (or sit on hands) if your looking to swing trade, if you are a day trader than perhaps some plays might have caught your eye, but overall the day was a bit of a lackluster. The internals spent the day battling for bragging rights come the closing bell with the bulls edging out the bears with slightly better numbers.

One stock of note today hit my tape. Verizon (VZ) hit the unusual options tape as it traded over 1 million contracts of the Jan 30 Call. Now we cannot tell right now if that is sold or bought, the fact is that this is a big number of shares for on strike price. Mumbles have said that it is a dividend play but it's good to keep an eye on this one because it might just turn some heads.

Until Wednesday, Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +18
DOW: +155
NASDAQ: +39
Rus2K: +14
TSX/S&P: +120
$VIX: -1.64


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 6.1/1
AD LINE: +1800

- NASDAQ -
BREADTH: 5.1/1
AD LINE: +1580

Today on the Marketbeat: New Year Bulls

The first trading day of the new year has come and gone. The bears ended 2009 with a bit of a selloff which the bulls have happily bought into today with a gap on the open and investors not looking back much there after. Gold rose over $20 on the day, Oil was up $2 on the day and the S&P closed the day about 18 points to the upside.

The internals, especially the breadth were the tell tale indicators as the volume pushed higher even into the close as bulls hopped onto bullish sectors like tech, construction and just about everything else. Commodity plays were in the green today as well.

The rest of the week could be seen or used as a early signal, a groundhog if you will to help give an idea as to what kind of a year we may be into. However, if the buyers keep pushing equity higher many investors will be forced to buy into the new year rally as the direction continues to be higher

Happy Trading