Thursday, March 18, 2010

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: -1
DOW: +45
NASDAQ: +2
Rus2K: -2
TSX/S&P: -63
$VIX: -0.34


Internals:

Core Sector List: 11/5 Neg

- NYSE -
BREADTH: 2/1 Neg
AD LINE: -463

- NASDAQ -
BREADTH: 1.1/1 Neg
AD LINE: -370

Today on the Marketbeat:

Thursday was a day of disconnect, as the internals did not dictate the movement of the market. The internals across the board were negative, but the DOW, NASDAQ both finished the day up, while the S&P and Russel were slightly lower. Add the fact that with bearish internals and bullish price action the VIX also was lower on the day, suggesting that fear is not very present in this market.

One could say that Thursday was a day of a lot of inside action, meaning the inside players were moving the market. Tomorrow is the options expiry for March options for keep that in mind as we could peg some solid numbers on some big name stocks.

Happy Trading

Wednesday, March 17, 2010

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: +6.75
DOW: +47
NASDAQ: +11
Rus2K: -
TSX/S&P: -
$VIX: -0.84


Internals:

Core Sector List: 12/4 Bulls

- NYSE -
BREADTH: 2/1
AD LINE: +1270

- NASDAQ -
BREADTH: 1.4/1
AD LINE: +510

Today on the Marketbeat:

The market returns to new highs. Bullish numbers across the board as the market moved higher once again. This post fed rally did fall a bit short of closing near the highs but with bullish internals across the board, it's safe to say the bulls still are doing well.

Tuesday, March 16, 2010

Today on the Marketbeat:







Market #'s @ Closing Bell:

S&P: +9
DOW: +44
NASDAQ: +16
Rus2K: +5
TSX/S&P: +80
$VIX: -0.30


Internals:

Core Sector List: 15/1

- NYSE -
BREADTH: 5/1 Pos
AD LINE: 1400+

- NASDAQ -
BREADTH: 2/1 Pos
AD LINE: 700+

Today on the Marketbeat:

The bulls put to rest any doubt market dwellers had from Monday's intra-day move lower. The bulls rallied the markets up across the board as once again new 52 week highs were made on the SPX

As long as 1150 support holds (on the SPX) the bulls are still in control. Internals confirmed the move today.

Monday, March 15, 2010

Today on the Marketbeat:






Market #'s @ Closing Bell:

S&P: +0.5
DOW: +17
NASDAQ: -5
Rus2K: -1
TSX/S&P:
$VIX: +0.38


Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 2/1 Neg
AD LINE: -501

- NASDAQ -
BREADTH: 1.2/1 Neg
AD LINE: -600

Today on the Marketbeat:

The markets finally looked to pull back more than just a couple of points on Monday, however the move lower was only a intraday move and was quickly bought up into the close. This puts us in a situation where several outcomes could be possible, the first we move higher after the market has moved lower and bounced off those levels. 2 - we could move lower after buyers bought up what they thought was a shake out. or lastly we could just chop around until something news wise pushes up either up or down. At either rate all these possibilities should be put into mind when planning trades.

Happy Trading.