Wednesday, April 7, 2010

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: -7
DOW: -72
NASDAQ: -5.5
Rus2K:
TSX/S&P:
$VIX: +0.73


Internals:

Core Sector List: 13/3 Neg

- NYSE -
BREADTH: 1.7/1 Neg
AD LINE: -830

- NASDAQ -
BREADTH: 1.8/1 Pos
AD LINE: -240

Today on the Marketbeat:

The markets finally took a day off of pushing to new highs today as accross the board the markets were lower Wednesday. With weeks and weeks of progressivly higher prices, many investors have been waiting for the market to take a 'breather'. The S&P finished lower about 7 pts while the Dow Jones closed Wednesday down 72 pts. The internals backed up this lower price movement with mostly negative internals. The Breaths finished split with the NYSE in the negative and the NASDAQ in the positive, while both AD Lines finished lower. The Vix tacked on about 0.73 pts, finally lifting off it's lows.

A continued pullback would be healthy for the market overall, as it has pushed higher with little oppertunities to buy pullbacks, this could give investors the opportunity to get long some good stocks that have been running off of Red Bull for the last couple of weeks. Keep an eye on support levels, happy Trading.

Monday, April 5, 2010

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: +9
DOW: +46.5
NASDAQ: +27
Rus2K: +12
TSX/S&P: +25
$VIX: -0.40


Internals:

Core Sector List: 14/2 Pos

- NYSE -
BREADTH: 4.7/1 Pos
AD LINE: +1300

- NASDAQ -
BREADTH: 6.4 /1 Pos
AD LINE: +1360

Today on the Marketbeat:

The market got off the a hoppy start on Easter Monday. Across the board stocks flew higher in the morning but put in some mean sideways action throughout the afternoon. Dispite the slowdown in volume and upwards momemtum throughout the afternoon, the markets closed higher once more and are in a great position to continue to move higher. One thing to keep in mind is the fact that we are entering earnings season and we could be witnessing a run up into higher levels, that will be sold off as soon as earnings begin. However until something changes, we remain bullish.