Thursday, April 15, 2010

Today on the Marketbeat:






Market #'s @ Closing Bell:

S&P: +1
DOW: +21
NASDAQ: +10
Rus2K: +1.85
TSX/S&P: -2.22
$VIX: +0.36


Internals:

Core Sector List: 8/8 Split

- NYSE -
BREADTH: 1.4/1 Neg
AD LINE: -100

- NASDAQ -
BREADTH: 2/1 Pos
AD LINE: +400

Today on the Marketbeat:

Another day higher, but the bulls didn't have the strength that they displayed during yesterdays rally. The Internals were split down the middle with the NYSE finishing the day negative, and the NASDAQ closed higher.

Tomorrow is options expiry so anything could happen, After hours Google reported their earnings and at the time of this writing the shares were down 3%.

Happy Trading

Wednesday, April 14, 2010

Today on the Marketbeat:






Market #'s @ Closing Bell:

S&P: +13.3
DOW: +103
NASDAQ: +39
Rus2K:
TSX/S&P:
$VIX: -0.40


Internals: Positive

Core Sector List: 13/3

- NYSE -
BREADTH: 5/1
AD LINE: 1650

- NASDAQ -
BREADTH: 9/1
AD LINE: 1600

Today on the Marketbeat:

The Bull's laid the smack down on the Celtics last night (NBA) and I guess the Bull's in New York took that as a sign from above to push the markets higher, with some back up behind it. The markets across the board finished higher as we once again broke out to new 18 month highs. The internals were fully behind the market as they all finished in the green and the VIX once again hit new lows. With earnings season now in full swing, we could see good postings push the market up to the new line in the sand to the upside, 1220 (ES FUTURES/ $SPX). To the Downside, I'd say that the 1200/1190 level on the ES futures would also bee a good level to keep an eye on if we were to go lower. Either way plan your trade and trade your plan - and most of all let the market tell you where it wants to go and don't fight it.

Happy Trading

Tuesday, April 13, 2010

Today on the Marketbeat:






Market #'s @ Closing Bell:

S&P: +0.8
DOW: +13
NASDAQ: +8
Rus2K: ++2
TSX/S&P: -40
$VIX: +0.61

Internals:

Core Sector List: 11/5

- NYSE -
BREADTH: 1.5/1 Neg
AD LINE: -173

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: +82

Today on the Marketbeat:

Another close higher, but how strong was the market?

The markets did gap lower Tuesday morning, only to push from S2 to R1 throughout the day. So at first glance one could argue that the bulls ruled the day, however - when looking at the internals and how off they were today and it did leave us here a bit confused.

The breadths were the major concern today as the NYSE breadth was hitting new lows at the Market was hitting new highs, usually a dis-connection like this means something under the hood is brewing, but with earnings season just kicking off it could of just been a bit of bad digestion. Keep an eye on 1190 on the ES ($SPX) futures for support, if this fails we could pull back a little further as we have tested 1200 for two days now without be able to push through yet.

Happy Trading

Monday, April 12, 2010

Today on the Marketbeat:



Market #'s @ Closing Bell:

S&P: +2
DOW: +17
NASDAQ: +35
Rus2K: +
TSX/S&P:
$VIX: -0.61


Internals:

Core Sector List: 12/4 Positive

- NYSE -
BREADTH: 1.8/1
AD LINE: +440

- NASDAQ -
BREADTH: 1.4/1
AD LINE: +275

Today on the Marketbeat:

The Markets opened Options Expiry week with a choppy move to the upside. The markets closed the day with slight gains as the bulls once again opened the week flexing their muscles. The internals all finished the day in the green, while the VIX once again moves lower. With earnings season right around the bend, we could be in for a wild couple of weeks, for if there could be any trigger for a powerful move in either direction, earnings season is deffinatly that kind of trigger.