Thursday, March 11, 2010

Today On The Marketbeat:



Market #'s @ Closing Bell:

S&P: +4.5
DOW: +44
NASDAQ: +9.5
Rus2K:
TSX/S&P:
$VIX: -0.50

Internals:

Core Sector List: 14/2

- NYSE -
BREADTH: 2.5/1 Pos
AD LINE: +580

- NASDAQ -
BREADTH: 1.4 Pos
AD LINE: +377

Today on the Marketbeat:

Well the bulls were in the drivers seat once again by closing bell time as the bears pushed the market down on the open only to watch the bulls fill the gap and tear higher, almost pegging the January highs to the penny.

Under the hood the internals were primarily bullish, with everything closing in the green, with the core sector list closing 14/2, the breadths up about 2/1 on the NYSE and 1.5/1 on the NASDAQ. The vix lost another 55 cents as the bulls pushed the market close to new 6 month highs.

Friday will mark roll over for the futures so keep that in mind if your watching and/or trading futures of any kind.

Happy Trading

Tuesday, March 9, 2010

Today On The Marketbeat:



Market #'s @ Closing Bell:

S&P: +2
DOW: +12
NASDAQ: +8.5
Rus2K: +1.8
TSX/S&P: -40
$VIX: +0.18


Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 1.7/1 Pos
AD LINE: +390

- NASDAQ -
BREADTH: 2.2/1 Pos
AD LINE: +300

Today on the Marketbeat:

See-saw was the theme of Tuesdays intraday action. The Market started the day lower, but the bulls pushed it up as the morning progressed. During the afternoon the market began to chop and there was a brief shake out to the downside, before the bulls pushed the market up, to finish the day with another bullish move up.

Under the hood, the internals were essentially bullish, with the exception of the core sector list (which finished the day split) and the VIX (which closed up 18 cents). The rest of the internals closed Tuesday in the bullish area, furthering the idea that the bulls are still in control until support is taken out.

Happy Trading

Monday, March 8, 2010

Today On The Marketbeat:




Market #'s @ Closing Bell:

S&P: -0.2
DOW: -13
NASDAQ: +5.5
Rus2K: +1.5
TSX/S&P: +2
$VIX: +0.28


Internals:

Core Sector List: 10/6 Bears

- NYSE -
BREADTH: 1.1/1 Pos
AD LINE: +530

- NASDAQ -
BREADTH: 1.6/1 Pos
AD LINE: +450

Today on the Marketbeat:

Another Manic Monday

The market opened the week with a chopping day, showing a bit of a truce between the bulls and bears. The market closed slightly lower but the bulls still seem to be in control of the market.

Under the hood the internals were basically flat, with the core sector list closing to the bears, while AD lines and Breadths put in a bullish day. The VIX added about 0.28 pts as Monday was more of a digestion day.

There isn't any economic data scheduled for release so Tuesday should be an interesting day to see where we go from here.

Happy Trading.