Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +3
DOW: +30
NASDAQ: +11
Rus2K: +3.5
TSX/S&P: -56
$VIX: -0.16


Internals:

Core Sector List: 10/6 Bulls

- NYSE -
BREADTH: 1.2/1 Pos
AD LINE: +400

- NASDAQ -
BREADTH: 1.5/1 Pos
AD LINE: +350

Today on the Marketbeat:

Thursday proved to be a bit of a chop fest, with the bulls pulling ahead of the game slightly making new 52 week highs once again on the S&P and the Dow. The market moved progressively higher for the most part of Thursdays intraday trading as the bulls once again are pushing the market to new highs and the bears seem to be in winter hibernation.

The internals lead the way today with the breadth and a/d line closing near the highs but not quite pegging them as the market sold off a tiny bit towards the last leg of the session. The Core sector list closed at 10 over 6 while the VIX continues to hit new lows down about 0.16 pts.

More earnings are expected tonight and before the bell so stay frosty and nimble as this market could go either way at these highs

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -10
DOW: -37
NASDAQ: -30
Rus2K: -9
TSX/S&P: -145
$VIX: +0.86


Internals:

Core Sector List: 16/0 Bears

- NYSE -
BREADTH: 4/1 Neg
AD LINE: -1385

- NASDAQ -
BREADTH: 3/1
AD LINE: -1175

Today on the Marketbeat:

Well yesterdays blog mentioned that Alcoa (ticker symbol AA) was kicking off the earnings season with their release of their data Monday night after the bell. We also mentioned that it could have an impact on the markets all together, and that they did.

Alcoa fell way short of their expectations Monday night reporting an earnings share of 1 cent per share and it sent AA free falling after hours, to the point where the trading was halted for a short time. By the time the market was opening this morning the stock was trading down almost 10% and didn't fair much better during the trading hours closing down 11% on the day. Now there are other reasons why the market will move in one direction over another but the sentiment given from this earnings report did seem to have an impact on the market today as it was all in the red and the S&P's came close to breaking the 1130 mark on the ES futures to the downside.

The internals were a sea of red with the Core Sector list, Breadth and A/D Lines all closing on the bearish side, along with all of the big indexes. This could be a sign of things to come, or just a small pull back, watch 1130 on the ES futures Wednesday as if they are broken and close below that level could indicate some further selling.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +2
DOW: +45
NASDAQ: - 4
Rus2K: -0.3
TSX/S&P: -5
$VIX: -0.54


Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 1.5/1 Pos
AD LINE: +530

- NASDAQ -
BREADTH: 1.1/1 Neg
AD LINE: -200

Today on the Marketbeat:

The first trading day of the week has come and gone once again, however bucking the trend of late to open up the week with a gap in either direction today got started with a small gap but moved off the higher open and chopped around very much contained in the lows and highs of the day. It (the Market) did however closed near the highs put in by the gap up but was not up to its normal strong self, showed in the internals which were anything but strong today.

Leading the internals to the upside was the NYSE on the breadth and a/d line closing higher on both while the NASDAQ closed in the negative today. The Core sector list put in another Christmas tree formation, closing the day 50/50 to the bulls and bears respectively. The Vix lost more ground again today minus the choppy aspect of today's trading, giving it another low in it's continuously lower and lower lows.

The new years earnings season will start tonight with Alcoa (AA) setting off the gala of economic reports. If Alcoa hits the ball outta the park (or fails to get a hit) it could be a big market mover on the DOW Tuesday and also set the mood for upcoming earnings releases so keep your eyes on how that plays out.

Happy Trading