Market #'s @ Closing Bell:
S&P: -13
DOW: -100
NASDAQ: -27
Rus2K: -6
TSX/S&P: -106
$VIX: +1.51
Internals:
Core Sector List: 16/0
- NYSE -
BREADTH: 6.5/1
AD LINE: -1235
- NASDAQ -
BREADTH: 4/1
AD LINE: -800
Today on the Marketbeat:
The market put in a big red bar in Tuesdays trading as the market falls about 1% across the board. This might of been big news coming a couple weeks ago as the market was in rally mode, but after such a decent push up; it's not a surprise some profits were taken at resistance.
The red was not just confined to the price action as the internals were a seas of red. The core sector finished the day pegged 16 to 0 to the Bears.
The breadths closed the day at their lows and the AD Line shared a very similar story. The only green in the internals came in the form of the $VIX, which was up over 1.5pts today.
Where the market goes from here is any ones guess, although after such a decent push up after the retracement, putting in lower lows seems like a bit of a stretch. IMO the market could just rattle up and down for a little while, which would give us a chance to imply some spread strategies.
Happy Trading
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