Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -13
DOW: -115
NASDAQ: -42
Rus2K: -10
TSX/S&P: -70
$VIX: +0.59


Internals:

Core Sector List: 13/3 Bears

- NYSE -
BREADTH: 2.3/1 Neg
AD LINE: -1400

- NASDAQ -
BREADTH: 3.8/1 Neg
AD LINE: -1150

Today on the Marketbeat:

The market continued its downward cycle today as the ES futures briefly broke 1080 support, but the bulls were able to hold onto a 1084 close on the $SPX. Many have been calling for a retracement, and after numerous attempts to push the market lower the bears have finally mustered up the biggest retracement since October. If 1080 is taken out it's a big drop lower to strong support. If the bulls want to muster up any sort of resistance then the time is now, on the other side the market has been in need of a healthy retracement, and with the earnings season in full swing; now seems to be that time.

Happy trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +42
DOW: +5
NASDAQ: +
Rus2K:
TSX/S&P:
$VIX:


Internals: 12/4

Core Sector List: 10/6 Bulls

- NYSE -
BREADTH: 1.2/1 Pos
AD LINE: -16 Ticks

- NASDAQ -
BREADTH: 1.5/1 Pos
AD LINE: +530 Ticks

Today on the Marketbeat:

The market continues to knock on the door of 1090 support to the downside on the $SPX. This is really the last leg of support before the market could enter a free fall mode that could take us down a sizable amount. But like before the bulls do not seem content on that happening just yet. The market was a bit of a mess today as it flirted under 1090 for a good part of the day, hitting a low of 1078.5 on the ES Futures. However, around 2:30pm the market flew off that low and ripped over 10 pts to the upside, making a new intra-day high and pegging that level at the close.

The internals matched the markets messy day as they were all over the place until the last hour where they closed at their respective high levels of the day to the upside, with the Core Sector list closing the day 12.4 to the upside and the breadths having a slightly bullish close.

This week promised to be an interesting week and has not disappointed thus far as it has ripped every direction every day, with Friday looming 2 days away we could see more of this madness, keep a keen eye on 1090 on the $SPX

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -4.5
DOW: -3
NASDAQ: -7
Rus2K: -5.8
TSX/S&P: -4.4
$VIX: -0.90D


Internals:

Core Sector List: 10/6 Bulls

- NYSE -
BREADTH: 2.3/1 Neg
AD LINE: -850

- NASDAQ -
BREADTH: 1.1/1 Neg
AD LINE: -900

Today on the Marketbeat:

The Bulls are on guard, the bulls attempted a midday rally but failed to hold onto the strong numbers into the close as the bears took the market down after Monday's small comeback bull rally.

The internals played a vital role in today's see-saw price action, as just as the bulls were beginning to lose their grip on the price gain, the internals (in particular the breadth) began to roll over, around 1:15 pm. This is where the market (ES) put in a double top and then rolled over, so just by keeping a keen eye on the internals - you could close out some positions and keep most of your gains.

The rest of the week should continue to be volatile as more earnings and economic reports continue to come out. Watch 1090 on the $SPX for support.