Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -35
DOW: -270
NASDAQ: -65
Rus2K: -21
TSX/S&P: -261
$VIX: +4.48


Internals:

Core Sector List: 16/0 Bulls

- NYSE -
BREADTH: 27/1 Neg
AD LINE: -2565

- NASDAQ -
BREADTH: 8/1 Neg
AD LINE: -1950

Today on the Marketbeat:

Thursday the market got hit hard as the bears took lead off the large bear flag and sent the market tumbling over 30 ES points and breaking 10,000 on the DOW JONES. Also as was not the case with the rally earlier in the week, Volume was a large factor as the internals were a sea of red.

The internals were lopsided to the downside today, nothing was bullish as the bears swept all all of those who went long after the rally earlier in the week. The core sector list was pegged 16 to 0 while the Breadth was down huge at the close 27/1 on the NYSE and 8/1 on the NASDAQ. The VIX shot up about 4 and a half points, all the while volume increased. This was a huge breakdown of the bear flag and support could be as low as 103 or lower.

Friday could see a dead cat bounce as the market prepares to go lower next week, this could set up alot of bounce plays to the bear side... Remember anything is possible, but the most probable move is lower.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -6
DOW: -26
NASDAQ: +3
Rus2K: -3.7
TSX/S&P: -12
$VIX: +0.37


Internals:

Core Sector List: 13/3 Bulls

- NYSE -
BREADTH: 3/1 Neg
AD LINE: -700

- NASDAQ -
BREADTH: 1/1
AD LINE: -450

Today on the Marketbeat:

After two consecutive strong showings by the bulls Wednesday evened things out, with either the bulls or bears able to get the market moving deep in either direction. The bears did however have a slight edge on the market, edging out the bulls on the close. The bears also seemed to have an edge on the bulls on the internals as well, with only the NASDAQ closing the day up, the S&P and DOW both closed slightly lower price wise and under the hood.

The NASDAQ was lead by its four horsemen, AAPL and GOOG finished the day up almost 2%, while RIMM closed the day up 3.4% on the day. While the bears did edge the bulls out today they did not have the strength or momentum to move the market much lower, which lends to the idea that we could have seen a short term bottom/support. This doesn't mean by any stretch that the market is done moving lower, it just could imply that the market is happy where it is.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: 14
DOW: 111
NASDAQ: 19
Rus2K:
TSX/S&P:
$VIX: -1.16


Internals:

Core Sector List: 15/1 Bulls

- NYSE -
BREADTH: 5/1
AD LINE: +1660

- NASDAQ -
BREADTH: 2.7/1
AD LINE: +340

Today on the Marketbeat:

The bulls continued their battle to regain lost ground. As was the case with Mondays trading the bullish sentiment started off early and moved higher as the day continued. The AD Lines and Breadths moved higher throughout the day and pegged those highs at the close.

Today's volume was higher than Mondays rally so it gives the bulls a little more leverage to their push higher. Also the VIX once again saw a sizable pullback. The Core Sector list closed the day 15 to 1 to the bulls.

As we approach past support turned new resistance, the market could stall if the bulls run out of bullets, but if the bulls are serious about regaining the ground lost last week then we could see more of this rally

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +15
DOW: +118
NASDAQ: +23
Rus2K: +7
TSX/S&P: +223
$VIX: -2pts


Internals:

Core Sector List: 16/0 Bulls

- NYSE -
BREADTH: 8/1
AD LINE: +1750

- NASDAQ -
BREADTH: 4/1
AD LINE: +730

Today on the Marketbeat:

The bulls bounced back today with some what of a bang, gaping about 7 ES (S&P futures) on the opening bell. This comes as last week saw the market as a whole drop about 1%, as the bears took the market to support levels across the board. The bulls closed the day up 15 pts on the S&P, 118 pts on the Dow, with the VIX down 2 pts. The one chink in the bulls Monday rally is that it took place on lower volume.

The internals were bullish from the open and only got progressively more bullish as the day continued. The Breadth and AD Lines closed near or at their respective highs and the core sector list was pegged 16 to 0 at the close. Definitely a bullish day in price action and under the hood. But like mentioned before, when taking place on lower volume it is something to take into account.

Watch 1090 at possible resistance and 1080 for possible support on the ES futures.
Happy trading