Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -38
DOW: -348
NASDAQ: -82
Rus2K: -
TSX/S&P: -
$VIX: +10.30

Internals: All Bearish (Negative, with the exception of Gold)

Core Sector List: 15/1 (GOld Up)

- NYSE -
BREADTH: 23/1
AD LINE: -2800
- NASDAQ -
BREADTH: 15/1
AD LINE: -2100

Today on the Marketbeat:
At approx 2PM today the market sold off to the extent I have never seen before, it went from being down around 25 pts on the ES Futures (S&P 500) to down over 100 pts in under 30 minutes. LAte in the day the market rallied off these monster lows, and closed about 40 pts down. NEar the closing bell news hit the wire that a 'human error', a trader/manager over at Citigroup put a order for one billion, when he/she meant one million and it set of a chain reaction that sent many quote privders into over drive. Spreads on some options were about $4-5 on every strike.


The internals were bearish and even after the market pushed off the lows, close din heavy bearish territory. So what is a personal trader to do form here? Well first we need to establish if this mistake sent big money into a consolidation period or possibly rally at these lower levels where many stocks are at much more value based areas. Once we have a better idea look for stocks that were doing great but were too extended, alot of these stocks might be at great buying areas and if the market rallies we could see a nice bounce.

Today on the Marketbeat:

Market #'s @ Closing Bell:

S&P: -28
DOW: -225 (-2%)
NASDAQ: -75
Rus2K: -23
TSX/S&P: -165
$VIX: +3.84


Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 15/1
AD LINE: 2200

- NASDAQ -
BREADTH: 10/1
AD LINE: 2000

Today on the Marketbeat:

The markets were down 2% across the board, the VIX ripped with the market slide as all sectors take a hit Tuesday. After months of gains in the markets, investors - big money or personal have been watching for an extended pullback, and by extended I mean a pullback that lasts longer than a couple hours or one day. The market has moved lower 3 times in the past 7 trading day and each pullback has been greater than the bounce there after.

The internals were all bears today, with the core sector list pegged 16 to 0 to the bears. The Breadths both finished heavily bearish, the NYSE closed the day 15 to 1, and the NASDAQ 10 to 1, while the VIX rose almost 4 pts to close at the highest level in almost 3 months.

Who knows if this pullback will continue as a move lower could still be considered 'healthy' to many investors and TV heads. The bottom line is establish a solid level of support and resistance for your trades and trade your plan. Happy Trading