Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +7
DOW: +83
NASDAQ: +17
Rus2K: +4
TSX/S&P: +57
$VIX: -1.02


Internals:

Core Sector List: 14/2

- NYSE -
BREADTH: 3/1
AD LINE: 1150

- NASDAQ -
BREADTH: 2.2/1
AD LINE: 475

Today on the Marketbeat:

Well with the lack of the break through 1100 on the SPX yesterday, the big question was could the market push higher today? Well that was answered today as the market, moved by the bulls, pushed through that all important number of 1100 on the SPX and the ES futures, and held it into the close. Another important number to keep in mind after today's trading is the 50 day MA (Moving Average). We essentially pegged it in today's trading so it should be interesting to see what the market will do now that it has reached a big MA level and has pushed in rally mode for a bit of an extended run.

The internals were essentially in the green today with the core sector list closing the day up 14 to 2 for the bulls, while the Breadths finished the day at 3/1 on the NYSE and 2.2/1 on the NASDAQ. The vix continued its downward slide, down just a little over a point while the AD Lines closed the day positive.

Its important to note that tomorrow is Options Expiry so if you have any February options be ready to sell them before the bell if you haven't already. I've been tinkering with some different kinda of spreads to help deal with this volatility and sometimes drastic ranges in the market. This weekend ill post some of the new ideas I'm looking at for the new month.

Till then Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +4.5
DOW: +40
NASDAQ: +12
Rus2K:
TSX/S&P:
$VIX: -0.53


Internals:

Core Sector List: 10/6/

- NYSE -
BREADTH: 2/1 Pos
AD LINE: 1000

- NASDAQ -
BREADTH: 2/1 Pos
AD LINE: 500

Today on the Marketbeat:

Wednesday saw the $SPX hit 1100 for a brief moment as the market hit another new high this week as it continues to reclaim those lost levels of support that broke a couple weeks ago. Although the market did break through 1100 on the $SPX it did not hold these levels and failed to close above it by half a point. On the ES Futures, it wasn't strong enough to break the 1100 mark as it fell short of hitting it by a 1/4 of a point near closing bell.

Although the market hit new highs it spent the better part of today's trading day chopping, or channelling between 1099 and 1093. The internals were bullish but not as strong as the past days of the bullish run, the Core Sector list closed the day at 10/6 for the bulls, while the breadths closed the day at 2 to 1 for the bulls. The VIX posted a loss of about 53 cents and the AD Lines closed the day up 1000 on the NYSE and 500 on the NASDAQ.

Happy Trading

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: +19
DOW: +169
NASDAQ: +29
Rus2K: +8.8
TSX/S&P: +130
$VIX: -0.41


Internals:

Core Sector List: 16/0 Bulls

- NYSE -
BREADTH: 10/1
AD LINE: 1990

- NASDAQ -
BREADTH: 1.32/1
AD LINE:

Today on the Marketbeat:

New week, old highs as the market began the week with a bullish sentiment. With Monday a day off the market opened Tuesday morning with a gap higher over 1080 on the ES (S&P Futures). The bulls let off for a couple minutes after the opening bell then pushed to progressively higher highs pretty much until the closing bell, finishing the day near the high at 104 on the ES.

Although many might of had a bearish outlook for today's opening the market thought different as under the hood the market was an example of one sided internals. The Core sector list finished the day pegged 16 to 0 and the breadths and ad lines finished near their respective highs.

Watch 1100 as a possible level of resistance as the week continues, if the market happens to roll over then look for high flyer's with 'unsustainable' moves to short

Happy Trading