The Marketbeat

Today on the Marketbeat:

2010-05-19T16:10:00.000-04:00

Market #'s @ Closing Bell:

S&P: -5
DOW: -66
NASDAQ: -17
Rus2K: -8
TSX/S&P: -87
$VIX: +1.7

Internals:

Core Sector List: 11/5 Neg

- NYSE -
BREADTH: 2/1 Neg
AD LINE: -1800

- NASDAQ -
BREADTH: 2.8/1 Neg
AD LINE: -1400

Today on the Marketbeat:

The Market sold off once again as European financial fears once again loomed over investors minds. Across the board, stocks were in the red - The S&P finished down 5 pts, while the DOW lost 66 and the NASDAQ closed the session down 17 pts. The internals were not heavily bearish on the breadths, but both NYSE & NASDAQ Ad Lines closed the day under 1000 ticks to the downside, which is somewhat significant.

This week is options expiry which more often than not is a bullish week, but with the bearish sentiment still seemingly strong, we might see some more sell off into the weeks end.

Happy Trading

Today on the Marketbeat:

2010-05-18T16:10:00.000-04:00

Market #'s @ Closing Bell:

S&P: -16
DOW: -115
NASDAQ: -37
Rus2K: -
TSX/S&P: -
$VIX: +2.71

Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 8/1 Neg
AD LINE: -1700

- NASDAQ -
BREADTH: 6.7/1 Neg
AD LINE: -1300

Today on the Marketbeat:

The market that bounced off the lows yesterday Afternoon, gaped higher this morning only to sell off all those gains and pushing towards yesterdays lows and closing there. With a 10 pts ES gap up in the morning, the Futures moved 26 pts of those levels to close 16 pts lower on the day.

The internals were the first clue that this market was standing on shaky foundation as 20 minutes before noon eastern the Breadth crossed over from positive to negative territory. The Ad Line made its highs in the first 20 min, then bled off to the lows of the day which it too closed at.

The market seems to be in need of some time to work out which direction they want to continue towards in the coming weeks, until there is a clear direction look to take profits on shorter termed trades.

Today on the Marketbeat:

2010-05-10T16:09:00.000-04:00

Market #'s @ Closing Bell:

S&P: +48
DOW: +405
NASDAQ: +109
Rus2K: +
TSX/S&P: +
$VIX: -12

Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 29.5/1
AD LINE: +2850

- NASDAQ -
BREADTH: 13/1
AD LINE: +2150

Today on the Marketbeat:

The huge losses that were put in on Thursday last week, when the "Citigroup Billion dollar mistake" occurred have almost all been returned as the markets opened this week with a huge big money gap to the upside. The markets were a sea of green today as every sector in the core sector list finished the day to the upside. All internals finished high into positive territory. The vix was sent down about 12 points lower as investors gained more confidence.

Today on the Marketbeat:

2010-05-06T17:10:00.002-04:00

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:

2010-05-04T16:27:00.000-04:00

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

Today on the Marketbeat:

2010-04-15T16:06:00.001-04:00

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

Today on the Marketbeat:

2010-04-14T16:16:00.000-04:00

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

Today on the Marketbeat:

2010-04-13T16:13:00.001-04:00

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

Today on the Marketbeat:

2010-04-12T16:13:00.000-04:00

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.

Today on the Marketbeat:

2010-04-07T16:25:00.000-04:00

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.

Today on the Marketbeat:

2010-04-05T16:14:00.000-04:00

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.

Today on the Marketbeat:

2010-03-30T16:09:00.002-04:00

Market #'s @ Closing Bell:

S&P: +0.25
DOW: +11.5
NASDAQ: +6
Rus2K: +1.69
TSX/S&P: +14.5
$VIX: -0.35

Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 1.4/1 Neg
AD LINE: +90

- NASDAQ -
BREADTH: 1.1/1 Pos
AD LINE: +200

Today on the Marketbeat:

Tuesday's trade day is what you would call an inside day. The internals spilt the day with both bears and bulls putting in their case. More fear left the market as it finished down 0.35 pts.

With the end of the quarter upon us it could be considered that there will not be any huge market moving days this week, as it is a holiday short week.

Happy Trading

Today on the Marketbeat:

2010-03-29T16:22:00.001-04:00

Market #'s @ Closing Bell:

S&P: +6.5
DOW: +45
NASDAQ: +9
Rus2K:
TSX/S&P:
$VIX:

Internals:

Core Sector List: 11/5

- NYSE -
BREADTH: 1.9/1 Pos
AD LINE: +1140

- NASDAQ -
BREADTH: 1.3/1 Pos
AD LINE: +440

Today on the Marketbeat:

Another choppy Monday in the markets today. The market was up pre-trading around the same level that it closed at today. Even though the market did not break out to new highs today, it did finish higher across the board. The Core sector list closed the day in the green 11 over 5 and the AD LINES bother closed the day positive. The breadths and $TICK were possibly the one sign that today's lift wouldn't last (intraday at least) because the breadth failed to continue to make higher highs and the TICK never reached the 1000 mark, both signs that the upside volume wasn't increasing.

This is a short week because of the Easter holiday (Good Friday), it's also seen as one of the last weeks of this quarter. This means alot of earnings will begin in April so that could be a a big market mover next week - for this week it could mean we don't move too much. We will have to wait to see what happens from here, but keeping your eye on shorter termed trades until we get a definite idea of direction could be good practice.

Today on the Marketbeat:

2010-03-25T16:10:00.002-04:00

Market #'s @ Closing Bell:

S&P: -2
DOW: +5
NASDAQ: -1
Rus2K: -3
TSX/S&P: +2.5
$VIX: +0.88

Internals:

Core Sector List: 10/6

- NYSE -
BREADTH: 1.3/1 Neg
AD LINE: -550

- NASDAQ -
BREADTH: 1.6/1 Neg
AD LINE: -660

Today on the Marketbeat:

The market may have looked to go sideways today however when taking a closed look into the intraday swings, the market hit new 52 week highs but failed to hold that, and collapsed into itself as the market now puts in a nice big topping tail, so the question remains...Is this a short term top, are we ready to roll over now?

If that is the case, then a good short term downside target would be 1150 on ES (15 pt swing lower)
If the market breaks that level then 1120 would be the next area of strong support, which would mean a solid 40 pt swing on the ES futures (which represent the $SPX).

The internals told the tale as it showed the real story of Thursday trading. The market totally lost all its internal strength around 1:30 pm and continued to weaken there-after. This along with the topping tail candle on the daily gives the bears a good argument to say they could come out of hibernation. If they do, watch those levels posted above - if the market bounces higher then continue looking for strong stocks.

Happy trading...

Today on the Marketbeat:

2010-03-24T16:16:00.000-04:00

Market #'s @ Closing Bell:

S&P: -6
DOW: -52
NASDAQ: -16
Rus2K: -6.5
TSX/S&P: -68
$VIX: +1.17

Internals:

Core Sector List: 14/2 Bears

- NYSE -
BREADTH: 1.3/1 Neg
AD LINE: -990

- NASDAQ -
BREADTH: 1.3/1 Neg
AD LINE: -750

Today on the Marketbeat:

Three down and two to go this week as the Market closes on this Wednesday March 24th. The tone of the market was quite bearish today, although it wasn't a wash out bearish run like many have been looking for (retracement). The internals were essentially all bearish, but aside from the Core Sector list closing at 14 over 2 tot he bears, the rest of the internals were only slightly in the red.

The one big gain for the bears is that the managed to take out the short term support (1170 on the SPX). With a close below this short term support we could see a further pullback to prior support levels (1150 area). However, the saying 'one day does not make a trend' must come into play here as in the last 2 weeks the market has been up more than 70% of the time, this does also lend tot he idea of a pullback - but until something changes in the market, we have to trade what we see.

Happy Trading.

Today on the Marketbeat:

2010-03-23T16:11:00.000-04:00

Market #'s @ Closing Bell:

S&P: +8
DOW: +103
NASDAQ: +19
Rus2K: +7.5
TSX/S&P: +76
$VIX: -0.57

Internals:

Core Sector List: 15/1

- NYSE -
BREADTH: 3.5/1 Pos
AD LINE: +1370

- NASDAQ -
BREADTH: 4.4/1 Pos
AD LINE: +925

Today on the Marketbeat:

Higher highs, and lower lows were the story of Tuesday trading session. The bulls once again pushed the bears to their limits in early trading, as they chopped it out until the bears gave in and the bulls broke out of 1170 on the SPX. So now as we look to higher levels on the market, we keep 1170 as out quick line in the sand, if the market is going to roll over, that will be the first area to be tested...

The internals today were quite bullish towards the closing bell but spent a good part of the AD LINES closed the day up 1300 on the NYSE and 925 on the NASDAQ. The vix lost another 0.57 pts as it once again hits new 12 mth lows. The bulls are taking this market higher, even if under the hood of the market (fundamentals & data) aren't so great. Keep a keen eye on the market, it is nearing high levels and could pull back, but don't fight the trend.

Happy Trading

Today on the Marketbeat:

2010-03-22T16:24:00.000-04:00

Market #'s @ Closing Bell:

S&P: +6
DOW: +43
NASDAQ: +21
Rus2K: +9
TSX/S&P: +38
$VIX: -0.10

Internals:

Core Sector List: 12/4

- NYSE -
BREADTH: 2.7/1
AD LINE: +990

- NASDAQ -
BREADTH: 2.7/1
AD LINE: +760

Today on the Marketbeat:

The market opened up quite lower on the opening bell, most likely due to the news concerning the health care that came out Sunday. The ES Futures opened the day below 1150 support and spent the first hour of trading recapping that gap. Over the lunch hours the market chopped its way higher, stair stepping its way towards the highs of the day around 1162 (on the ES Futures).

The internals were all in the green and the bulls once again flexed their muscles. The core sector list closed the day at its highs, 12 over 4 to the bulls while the breadths both closed the day around 2.7 to 1 to the upside. The Ad Lines both finished the day at respective highs while the vix again lost some ground, down 0.10 pts.

With support held and many stocks showing potential break outs and bounces to the upside, we are keeping our eyes on the support on the SPX of 1155 and the other eye on the 1170 line in the sand that should take the market higher if it is taken out.

Happy Trading

Today on the Marketbeat:

2010-03-18T16:10:00.000-04:00

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

Today on the Marketbeat:

2010-03-17T20:00:00.000-04:00

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.

Today on the Marketbeat:

2010-03-16T18:26:00.001-04:00

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.

Today on the Marketbeat:

2010-03-15T17:05:00.002-04:00

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.

Today On The Marketbeat:

2010-03-11T16:12:00.003-05:00

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

Today On The Marketbeat:

2010-03-09T16:07:00.001-05:00

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

Today On The Marketbeat:

2010-03-08T16:09:00.000-05:00

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.

Today On The Marketbeat:

2010-03-03T16:10:00.000-05:00

Market #'s @ Closing Bell:

S&P: +0.5
DOW: -9
NASDAQ: 0
Rus2K:
TSX/S&P:
$VIX: -0.22

Internals:

Core Sector List: 9/7

- NYSE -
BREADTH: 1.2
AD LINE: +270

- NASDAQ -
BREADTH: 1.1
AD LINE: +170

Today on the Marketbeat: Another Day, Another dropper...

For the second consecutive day, the bullish push from the morning session is all but wiped out in the afternoon. Yesterday saw a slight bullish push higher, and today looked to further that push. However, the rally was short lived as most of the gains were taken out in the afternoon. No news hit the tape as to why the bullish attempt to move higher was stopped in its tracks, but one look at a daily chart of the $SPX and you can get a clearer picture as the markets are encountering resistance and have now put in two topping tails on the daily chart

Under the hood the internals finished the day essentially split down the middle. With data to come on Friday morning, we could see the market chop along till that news hits the tape, until then it's safe to say we can expect anything, watch past support areas if the market turns over

Happy Trading

Today On The Marketbeat:

2010-03-02T16:08:00.000-05:00

Market #'s @ Closing Bell:

S&P: +3
DOW: +2
NASDAQ: +7
Rus2K: +4.7
TSX/S&P: +87
$VIX: -0.17

Internals:

Core Sector List: 9/7

- NYSE -
BREADTH: 2/1 Pos
AD LINE: 1200

- NASDAQ -
BREADTH: 1.7/1 Pos
AD LINE: 890

Today on the Marketbeat:

With a bullish Monday behind us, the bulls looked to pick up where they left off, and they did just that for the most part of Tuesdays trading. That is, until the bears decided that last nights high would be enough for the bulls to feast on for now, as they flushed out the buyers with a flood of selling taking place after 2:3o pm. The Market tried to hold on but on the most part put in alot of topping tails across the board

Under the hood the bulls did hold onto the bullish close but after the move they enjoyed for the most part of Tuesday was not close to as strong. the Core sector list finished the day with 9 sectors in the green and 7 in the red, the Breadths closed the day around 2 to 1 to the bulls while the AD LINES closed the day around +1000 ticks. The Vix lost a small % today, down 17 cents.

Today On The Marketbeat:

2010-03-01T16:08:00.003-05:00

Market #'s @ Closing Bell:

S&P: +11
DOW: +78
NASDAQ: +35
Rus2K: +13
TSX/S&P: +92
$VIX: -0.25

Internals:

Core Sector List: 15/1

- NYSE -
BREADTH: 4.4/1
AD LINE: 1740

- NASDAQ -
BREADTH: 2.2/1
AD LINE: 1350

Today on the Marketbeat:

Monday opened up the week with a decent move up for the Bulls. The bulls got off to a good start on the opening bell and pushed higher throughout the day, pulling back slightly at the close. The one kink in the bulls armour today is that the volume was not above average so when the late day pull back came, prices came in with them across the board.

Under the hood the internals were all in the green with the Core Sector list finishing the day at 15 to 1 to the bulls, with just the banking sector in the red slightly. The Breadth finished the day near its highs on both the NYSE and NASDAQ. The Vix finished out the group with a slight move lower, down 0.25 pts.

Unusual Options: Put Side - FRX/ SLM / WLP

Today on the Marketbeat:

2010-02-23T16:16:00.000-05:00

Market #'s @ Closing Bell:

S&P: -13
DOW: -100
NASDAQ: -27
Rus2K: -6
TSX/S&P: -106
$VIX: +1.51

Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 6.5/1
AD LINE: -1235

- NASDAQ -
BREADTH: 4/1
AD LINE: -800

Today on the Marketbeat:

The market put in a big red bar in Tuesdays trading as the market falls about 1% across the board. This might of been big news coming a couple weeks ago as the market was in rally mode, but after such a decent push up; it's not a surprise some profits were taken at resistance.

The red was not just confined to the price action as the internals were a seas of red. The core sector finished the day pegged 16 to 0 to the Bears.
The breadths closed the day at their lows and the AD Line shared a very similar story. The only green in the internals came in the form of the $VIX, which was up over 1.5pts today.

Where the market goes from here is any ones guess, although after such a decent push up after the retracement, putting in lower lows seems like a bit of a stretch. IMO the market could just rattle up and down for a little while, which would give us a chance to imply some spread strategies.

Happy Trading

Today on the Marketbeat:

2010-02-18T16:10:00.001-05:00

Market #'s @ Closing Bell:

S&P: +7
DOW: +83
NASDAQ: +17
Rus2K: +4
TSX/S&P: +57
$VIX: -1.02

Internals:

Core Sector List: 14/2

- NYSE -
BREADTH: 3/1
AD LINE: 1150

- NASDAQ -
BREADTH: 2.2/1
AD LINE: 475

Today on the Marketbeat:

Well with the lack of the break through 1100 on the SPX yesterday, the big question was could the market push higher today? Well that was answered today as the market, moved by the bulls, pushed through that all important number of 1100 on the SPX and the ES futures, and held it into the close. Another important number to keep in mind after today's trading is the 50 day MA (Moving Average). We essentially pegged it in today's trading so it should be interesting to see what the market will do now that it has reached a big MA level and has pushed in rally mode for a bit of an extended run.

The internals were essentially in the green today with the core sector list closing the day up 14 to 2 for the bulls, while the Breadths finished the day at 3/1 on the NYSE and 2.2/1 on the NASDAQ. The vix continued its downward slide, down just a little over a point while the AD Lines closed the day positive.

Its important to note that tomorrow is Options Expiry so if you have any February options be ready to sell them before the bell if you haven't already. I've been tinkering with some different kinda of spreads to help deal with this volatility and sometimes drastic ranges in the market. This weekend ill post some of the new ideas I'm looking at for the new month.

Till then Happy Trading

Today on the Marketbeat:

2010-02-17T16:18:00.001-05:00

Market #'s @ Closing Bell:

S&P: +4.5
DOW: +40
NASDAQ: +12
Rus2K:
TSX/S&P:
$VIX: -0.53

Internals:

Core Sector List: 10/6/

- NYSE -
BREADTH: 2/1 Pos
AD LINE: 1000

- NASDAQ -
BREADTH: 2/1 Pos
AD LINE: 500

Today on the Marketbeat:

Wednesday saw the $SPX hit 1100 for a brief moment as the market hit another new high this week as it continues to reclaim those lost levels of support that broke a couple weeks ago. Although the market did break through 1100 on the $SPX it did not hold these levels and failed to close above it by half a point. On the ES Futures, it wasn't strong enough to break the 1100 mark as it fell short of hitting it by a 1/4 of a point near closing bell.

Although the market hit new highs it spent the better part of today's trading day chopping, or channelling between 1099 and 1093. The internals were bullish but not as strong as the past days of the bullish run, the Core Sector list closed the day at 10/6 for the bulls, while the breadths closed the day at 2 to 1 for the bulls. The VIX posted a loss of about 53 cents and the AD Lines closed the day up 1000 on the NYSE and 500 on the NASDAQ.

Happy Trading

Today on the Marketbeat:

2010-02-16T18:33:00.000-05:00

Market #'s @ Closing Bell:

S&P: +19
DOW: +169
NASDAQ: +29
Rus2K: +8.8
TSX/S&P: +130
$VIX: -0.41

Internals:

Core Sector List: 16/0 Bulls

- NYSE -
BREADTH: 10/1
AD LINE: 1990

- NASDAQ -
BREADTH: 1.32/1
AD LINE:

Today on the Marketbeat:

New week, old highs as the market began the week with a bullish sentiment. With Monday a day off the market opened Tuesday morning with a gap higher over 1080 on the ES (S&P Futures). The bulls let off for a couple minutes after the opening bell then pushed to progressively higher highs pretty much until the closing bell, finishing the day near the high at 104 on the ES.

Although many might of had a bearish outlook for today's opening the market thought different as under the hood the market was an example of one sided internals. The Core sector list finished the day pegged 16 to 0 and the breadths and ad lines finished near their respective highs.

Watch 1100 as a possible level of resistance as the week continues, if the market happens to roll over then look for high flyer's with 'unsustainable' moves to short

Happy Trading

Today on the Marketbeat:

2010-02-11T16:11:00.001-05:00

Market #'s @ Closing Bell:

S&P: +10
DOW: +106
NASDAQ: +29.5
Rus2K: +9
TSX/S&P: +126
$VIX: -1.40

Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 3.8/1 Pos
AD LINE: +1620

- NASDAQ -
BREADTH: 5/1 Pos
AD LINE: +1300

Today on the Marketbeat:

The market clawed back some of its lost ground once again today as the market pushed higher after yesterdays chop fest. Although the S&P fell a little short of regaining the lost support of 1080, it did peg that # in today's trading. The volume was also a not too bad today as the bulls were in late week rally mode, up slightly from yesterdays volume.

Under the hood,the market was strong to the upside with all of the internals finishing in the green today. The Core sector list led the way finishing at the high of the day @ 16/0 to the Bulls. The Ad Lines both finished up over 1000 ticks, and the Breadths closed the day @ 3.8/1 on the NYSE and 5/1 on the NASDAQ both to the upside. The Vix lost a good chunk, down 1.4pts in today's trading.

Some economic data remains for Friday's trading so be careful if you initiated any new long positions, as Friday could be a hectic day. Monday is a holiday also so keep that in mind as next week is expiration week.

Happy Trading

Today on the Marketbeat:

2010-02-09T16:57:00.000-05:00

Market #'s @ Closing Bell:

S&P: +11
DOW:
NASDAQ: +17
Rus2K:
TSX/S&P:
$VIX: -0.55

Internals:

Core Sector List: 16/0 Pos

- NYSE -
BREADTH: 7/1 Pos
AD LINE: +1700

- NASDAQ -
BREADTH: 3.5/1 Pos
AD LINE: +1100

Today on the Marketbeat:

The S&P recaptures the 1070 flag..

Well after Mondays move lower on the market, Tuesday looked to recapture some of the lost ground as the ES futures opened the day with a gap up of about 10 pts. However, with the market unable to push to relative higher highs on the day, that gap nearly filled before 11am, but when all the traders went on lunch, the market rallied into new intra day highs, hitting 1077 before it would retrace into a channel for the most part of the afternoon. The market closed a bit off its highs, but it did gain a solid amount, closing the day around 1067 on the ES.

The internals spent the majority of the day in bullish mode with the core sector list leading the way with a 16 over 0 close to the bulls. The Vix lost about 55 cents as the fear was not an issue in today's trading. The Breadths closed the day at their highs with the NYSE breadth finishing @ 7/1 positive and the NASDAQ @ 3.5/1 Pos... Overall a strong performance by the bulls price wise and under the hood.

BIDU released earnings after hours and from the looks of the after hours trading it is up huge around 34 pts to the upside as of 5pm. This could be a big impact player for the bulls camp on the NASDAQ tomorrow so watch for more news on this

Happy Trading

Today on the Marketbeat:

2010-02-08T16:23:00.002-05:00

Market #'s @ Closing Bell:

S&P: -9.5
DOW: -103
NASDAQ: -15
Rus2K: -6
TSX/S&P: -114
$VIX: +0.44

Internals:

Core Sector List: 14/2 Bears

- NYSE -
BREADTH: 3.3/1 Neg
AD LINE: -900

- NASDAQ -
BREADTH: 2.5/1 Neg
AD LINE: -875

Today on the Marketbeat:

The week of trading got off to an interesting start Monday as the market pulled a bit of a reversal late in the day Friday, recapping alot of the lost ground which may have led traders to think that the market could be in for a rally this morning, and for the first couple of trading hours today the market did just that. However hitting the days high around 1068.5 on the ES Futures around 11am, the market rolled over and finished the day lower once again across the board.

Under the hood the internals battled from bears, to bulls all day until the bears pulled away with it in the last hours of trading. All the internals closed in the red today, with the VIX moving higher once again. The Core Sector list closed the day 14/2 to the bears while the NYSE and NASDAQ breadth closed the day pegging the lows.

Keep an eye on S&P 1050, if that support level is broken then we could fall as low as 1010...

Happy Trading

Today on the Marketbeat:

2010-02-04T17:43:00.000-05:00

Market #'s @ Closing Bell:

S&P: -35
DOW: -270
NASDAQ: -65
Rus2K: -21
TSX/S&P: -261
$VIX: +4.48

Internals:

Core Sector List: 16/0 Bulls

- NYSE -
BREADTH: 27/1 Neg
AD LINE: -2565

- NASDAQ -
BREADTH: 8/1 Neg
AD LINE: -1950

Today on the Marketbeat:

Thursday the market got hit hard as the bears took lead off the large bear flag and sent the market tumbling over 30 ES points and breaking 10,000 on the DOW JONES. Also as was not the case with the rally earlier in the week, Volume was a large factor as the internals were a sea of red.

The internals were lopsided to the downside today, nothing was bullish as the bears swept all all of those who went long after the rally earlier in the week. The core sector list was pegged 16 to 0 while the Breadth was down huge at the close 27/1 on the NYSE and 8/1 on the NASDAQ. The VIX shot up about 4 and a half points, all the while volume increased. This was a huge breakdown of the bear flag and support could be as low as 103 or lower.

Friday could see a dead cat bounce as the market prepares to go lower next week, this could set up alot of bounce plays to the bear side... Remember anything is possible, but the most probable move is lower.

Happy Trading

Today on the Marketbeat:

2010-02-03T16:09:00.000-05:00

Market #'s @ Closing Bell:

S&P: -6
DOW: -26
NASDAQ: +3
Rus2K: -3.7
TSX/S&P: -12
$VIX: +0.37

Internals:

Core Sector List: 13/3 Bulls

- NYSE -
BREADTH: 3/1 Neg
AD LINE: -700

- NASDAQ -
BREADTH: 1/1
AD LINE: -450

Today on the Marketbeat:

After two consecutive strong showings by the bulls Wednesday evened things out, with either the bulls or bears able to get the market moving deep in either direction. The bears did however have a slight edge on the market, edging out the bulls on the close. The bears also seemed to have an edge on the bulls on the internals as well, with only the NASDAQ closing the day up, the S&P and DOW both closed slightly lower price wise and under the hood.

The NASDAQ was lead by its four horsemen, AAPL and GOOG finished the day up almost 2%, while RIMM closed the day up 3.4% on the day. While the bears did edge the bulls out today they did not have the strength or momentum to move the market much lower, which lends to the idea that we could have seen a short term bottom/support. This doesn't mean by any stretch that the market is done moving lower, it just could imply that the market is happy where it is.

Happy Trading

Today on the Marketbeat:

2010-02-02T16:57:00.000-05:00

Market #'s @ Closing Bell:

S&P: 14
DOW: 111
NASDAQ: 19
Rus2K:
TSX/S&P:
$VIX: -1.16

Internals:

Core Sector List: 15/1 Bulls

- NYSE -
BREADTH: 5/1
AD LINE: +1660

- NASDAQ -
BREADTH: 2.7/1
AD LINE: +340

Today on the Marketbeat:

The bulls continued their battle to regain lost ground. As was the case with Mondays trading the bullish sentiment started off early and moved higher as the day continued. The AD Lines and Breadths moved higher throughout the day and pegged those highs at the close.

Today's volume was higher than Mondays rally so it gives the bulls a little more leverage to their push higher. Also the VIX once again saw a sizable pullback. The Core Sector list closed the day 15 to 1 to the bulls.

As we approach past support turned new resistance, the market could stall if the bulls run out of bullets, but if the bulls are serious about regaining the ground lost last week then we could see more of this rally

Happy Trading

Today on the Marketbeat:

2010-02-01T17:59:00.001-05:00

Market #'s @ Closing Bell:

S&P: +15
DOW: +118
NASDAQ: +23
Rus2K: +7
TSX/S&P: +223
$VIX: -2pts

Internals:

Core Sector List: 16/0 Bulls

- NYSE -
BREADTH: 8/1
AD LINE: +1750

- NASDAQ -
BREADTH: 4/1
AD LINE: +730

Today on the Marketbeat:

The bulls bounced back today with some what of a bang, gaping about 7 ES (S&P futures) on the opening bell. This comes as last week saw the market as a whole drop about 1%, as the bears took the market to support levels across the board. The bulls closed the day up 15 pts on the S&P, 118 pts on the Dow, with the VIX down 2 pts. The one chink in the bulls Monday rally is that it took place on lower volume.

The internals were bullish from the open and only got progressively more bullish as the day continued. The Breadth and AD Lines closed near or at their respective highs and the core sector list was pegged 16 to 0 at the close. Definitely a bullish day in price action and under the hood. But like mentioned before, when taking place on lower volume it is something to take into account.

Watch 1090 at possible resistance and 1080 for possible support on the ES futures.
Happy trading

Today on the Marketbeat:

2010-01-28T19:53:00.003-05:00

Market #'s @ Closing Bell:

S&P: -13
DOW: -115
NASDAQ: -42
Rus2K: -10
TSX/S&P: -70
$VIX: +0.59

Internals:

Core Sector List: 13/3 Bears

- NYSE -
BREADTH: 2.3/1 Neg
AD LINE: -1400

- NASDAQ -
BREADTH: 3.8/1 Neg
AD LINE: -1150

Today on the Marketbeat:

The market continued its downward cycle today as the ES futures briefly broke 1080 support, but the bulls were able to hold onto a 1084 close on the $SPX. Many have been calling for a retracement, and after numerous attempts to push the market lower the bears have finally mustered up the biggest retracement since October. If 1080 is taken out it's a big drop lower to strong support. If the bulls want to muster up any sort of resistance then the time is now, on the other side the market has been in need of a healthy retracement, and with the earnings season in full swing; now seems to be that time.

Happy trading

Today on the Marketbeat:

2010-01-27T16:11:00.000-05:00

Market #'s @ Closing Bell:

S&P: +42
DOW: +5
NASDAQ: +
Rus2K:
TSX/S&P:
$VIX:

Internals: 12/4

Core Sector List: 10/6 Bulls

- NYSE -
BREADTH: 1.2/1 Pos
AD LINE: -16 Ticks

- NASDAQ -
BREADTH: 1.5/1 Pos
AD LINE: +530 Ticks

Today on the Marketbeat:

The market continues to knock on the door of 1090 support to the downside on the $SPX. This is really the last leg of support before the market could enter a free fall mode that could take us down a sizable amount. But like before the bulls do not seem content on that happening just yet. The market was a bit of a mess today as it flirted under 1090 for a good part of the day, hitting a low of 1078.5 on the ES Futures. However, around 2:30pm the market flew off that low and ripped over 10 pts to the upside, making a new intra-day high and pegging that level at the close.

The internals matched the markets messy day as they were all over the place until the last hour where they closed at their respective high levels of the day to the upside, with the Core Sector list closing the day 12.4 to the upside and the breadths having a slightly bullish close.

This week promised to be an interesting week and has not disappointed thus far as it has ripped every direction every day, with Friday looming 2 days away we could see more of this madness, keep a keen eye on 1090 on the $SPX

Happy Trading

Today on the Marketbeat:

2010-01-26T17:32:00.001-05:00

Market #'s @ Closing Bell:

S&P: -4.5
DOW: -3
NASDAQ: -7
Rus2K: -5.8
TSX/S&P: -4.4
$VIX: -0.90D

Internals:

Core Sector List: 10/6 Bulls

- NYSE -
BREADTH: 2.3/1 Neg
AD LINE: -850

- NASDAQ -
BREADTH: 1.1/1 Neg
AD LINE: -900

Today on the Marketbeat:

The Bulls are on guard, the bulls attempted a midday rally but failed to hold onto the strong numbers into the close as the bears took the market down after Monday's small comeback bull rally.

The internals played a vital role in today's see-saw price action, as just as the bulls were beginning to lose their grip on the price gain, the internals (in particular the breadth) began to roll over, around 1:15 pm. This is where the market (ES) put in a double top and then rolled over, so just by keeping a keen eye on the internals - you could close out some positions and keep most of your gains.

The rest of the week should continue to be volatile as more earnings and economic reports continue to come out. Watch 1090 on the $SPX for support.

Today on the Marketbeat:

2010-01-20T16:20:00.000-05:00

Market #'s @ Closing Bell:

S&P: 12
DOW: 122
NASDAQ: 29
Rus2K:
TSX/S&P:
$VIX:

Internals:

Core Sector List: 15/1 Bulls Neg

- NYSE -
BREADTH: 3.5/1 neg
AD LINE: -1500

- NASDAQ -
BREADTH: 3.1/1 neg
AD LINE: -1200

Today on the Marketbeat:

Wednesday got off to a bearish start, gaping lower on the news of the 'vote heard round the world' as the Democrats lost a seat and looking like they will not be able to push that health care bill just yet. This news sent the market in a free fall early in the session but the S&P futures the ES found a bottom after cracking the line in the sand aka 1130 and continued to rally off that low for the better part of the afternoon. This rally took back alot of the damage that the morning sell off set in, but could not capture back the loss taken on the gap. But keep a good eye on that gap area because it could lead to a fill sometime later this week, because as we all know 80% of gaps fill, and they act as very strong magnets, pulling price action near them

So with 1130 on the ES (S&P) well guarded by the bulls (or plunge protection team). The market continues to hold in a bit of a range. Which brings us to one stock that has been mirroring this range very well. Ticker symbol V, or Visa has been in a range for over 2 weeks and when this breaks it could move quite a bit in whichever direction it chooses so keep an eye on that.

Happy Trading

Today on the Marketbeat:

2010-01-19T16:31:00.000-05:00

Market #'s @ Closing Bell:

S&P: +14
DOW: +115
NASDAQ: +30
Rus2K: +10
TSX/S&P: +10
$VIX: -0.40

Internals:

Core Sector List: 16/0 Bulls

- NYSE -
BREADTH: 5.5/1
AD LINE: +1700

- NASDAQ -
BREADTH: 3.4/1
AD LINE: +1000

Today on the Marketbeat:

The week shot off to a bullish start Tuesday as the markets started back up after the long weekend. News of Apple's potential iSlate & new iPhone OS 4.0 sent AAPL soaring throughout the day, closing the day up over 9 dollars. Almost every other sector in the core sector was in the Green today as the market rallied off of Friday's option expiry sell off.

The internals, which had started the day off mixed and not very strong to either side, rallied with he market and closed the day nearly pegging the highs, leading the way was the NYSE Breadth and the core sector list. While the VIX has continued to drop, finishing the day down 0.40 pts.

Earnings will continue to be the headliners as this shortened week continues

Happy Trading

Today on the Marketbeat:

2010-01-14T16:06:00.002-05:00

Market #'s @ Closing Bell:

S&P: +3
DOW: +30
NASDAQ: +11
Rus2K: +3.5
TSX/S&P: -56
$VIX: -0.16

Internals:

Core Sector List: 10/6 Bulls

- NYSE -
BREADTH: 1.2/1 Pos
AD LINE: +400

- NASDAQ -
BREADTH: 1.5/1 Pos
AD LINE: +350

Today on the Marketbeat:

Thursday proved to be a bit of a chop fest, with the bulls pulling ahead of the game slightly making new 52 week highs once again on the S&P and the Dow. The market moved progressively higher for the most part of Thursdays intraday trading as the bulls once again are pushing the market to new highs and the bears seem to be in winter hibernation.

The internals lead the way today with the breadth and a/d line closing near the highs but not quite pegging them as the market sold off a tiny bit towards the last leg of the session. The Core sector list closed at 10 over 6 while the VIX continues to hit new lows down about 0.16 pts.

More earnings are expected tonight and before the bell so stay frosty and nimble as this market could go either way at these highs

Happy Trading

Today on the Marketbeat:

2010-01-12T16:05:00.002-05:00

Market #'s @ Closing Bell:

S&P: -10
DOW: -37
NASDAQ: -30
Rus2K: -9
TSX/S&P: -145
$VIX: +0.86

Internals:

Core Sector List: 16/0 Bears

- NYSE -
BREADTH: 4/1 Neg
AD LINE: -1385

- NASDAQ -
BREADTH: 3/1
AD LINE: -1175

Today on the Marketbeat:

Well yesterdays blog mentioned that Alcoa (ticker symbol AA) was kicking off the earnings season with their release of their data Monday night after the bell. We also mentioned that it could have an impact on the markets all together, and that they did.

Alcoa fell way short of their expectations Monday night reporting an earnings share of 1 cent per share and it sent AA free falling after hours, to the point where the trading was halted for a short time. By the time the market was opening this morning the stock was trading down almost 10% and didn't fair much better during the trading hours closing down 11% on the day. Now there are other reasons why the market will move in one direction over another but the sentiment given from this earnings report did seem to have an impact on the market today as it was all in the red and the S&P's came close to breaking the 1130 mark on the ES futures to the downside.

The internals were a sea of red with the Core Sector list, Breadth and A/D Lines all closing on the bearish side, along with all of the big indexes. This could be a sign of things to come, or just a small pull back, watch 1130 on the ES futures Wednesday as if they are broken and close below that level could indicate some further selling.

Happy Trading

Today on the Marketbeat:

2010-01-11T16:14:00.002-05:00

Market #'s @ Closing Bell:

S&P: +2
DOW: +45
NASDAQ: - 4
Rus2K: -0.3
TSX/S&P: -5
$VIX: -0.54

Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 1.5/1 Pos
AD LINE: +530

- NASDAQ -
BREADTH: 1.1/1 Neg
AD LINE: -200

Today on the Marketbeat:

The first trading day of the week has come and gone once again, however bucking the trend of late to open up the week with a gap in either direction today got started with a small gap but moved off the higher open and chopped around very much contained in the lows and highs of the day. It (the Market) did however closed near the highs put in by the gap up but was not up to its normal strong self, showed in the internals which were anything but strong today.

Leading the internals to the upside was the NYSE on the breadth and a/d line closing higher on both while the NASDAQ closed in the negative today. The Core sector list put in another Christmas tree formation, closing the day 50/50 to the bulls and bears respectively. The Vix lost more ground again today minus the choppy aspect of today's trading, giving it another low in it's continuously lower and lower lows.

The new years earnings season will start tonight with Alcoa (AA) setting off the gala of economic reports. If Alcoa hits the ball outta the park (or fails to get a hit) it could be a big market mover on the DOW Tuesday and also set the mood for upcoming earnings releases so keep your eyes on how that plays out.

Happy Trading

Today on the Marketbeat:

2010-01-07T16:53:00.001-05:00

Market #'s @ Closing Bell:

S&P: +4.5
DOW: +33
NASDAQ: -1
Rus2K:
TSX/S&P:
$VIX: -0.18

Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 2.2/1 Pos
AD LINE: +690

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: +460

Today on the Marketbeat:

After 2 slightly days of bearish sentiment, the markets looked to build off that on Thursday as it opened lower but built off those lows for the most part of the day, closing near the highs of the day up almost 5 ES points.

The market has been in a bit of a chop mode since Monday's strong new year open and has not gone down or up with any conviction since then. The days have almost all started with a bearish sentiment and closed with a neutral or bullish sentiment. One way or another the market is going to either violate 1130 to the downside or bounce higher to make another higher high. When this will happen becomes the important question as we must continue to trade within this chop mode until this happens, and we must trade nimbly as the market can stop and turn on a dime.

The internals closed bullish but not extremely strong. The volume was also negative today and the VIX continue to make new lows.

Friday may hold some surprises as some economic data will be released and could make the market move.

Happy Trading

Today on the Marketbeat:

2010-01-06T16:04:00.002-05:00

Market #'s @ Closing Bell:

S&P: +1
DOW: +2
NASDAQ: -8
Rus2K: -1.5
TSX/S&P: +60
$VIX: -0.20

Internals:

Core Sector List: 12/4 Bulls

- NYSE -
BREADTH: 2.4:1
AD LINE: +600

- NASDAQ -
BREADTH: 1.4:1
AD LINE: -280

Today on the Marketbeat:

Half way through the first trading week of the year and the market has put in a second consecutive day of chop. The markets seemed a bit bearish this morning, similar to Tuesdays opening but once again the bulls pushed up again for a new 12 month high on the SPX (however slight it may have been)

The internals were bullish across the board with the exception of the NASDAQ A/D line which was a little over 200 ticks under today. The VIX again shed some more weight as it hit a 18 month low today dropping 20 cents and the breadths both finished the day on the bullish side

The line in the sand continues to be 1130 on the ES (S&P). If it violates that area with some volume we may see a pullback, even if a short one it may be playable. On the flip side if the market continues to rip we may see continued bullish sentiment across the board, only time can tell.

Until next time, Happy Trading

Today on the Marketbeat:

2010-01-05T16:08:00.003-05:00

Market #'s @ Closing Bell:

S&P: +3
DOW: -12
NASDAQ: UNCH
Rus2K: -1
TSX/S&P: +20
$VIX: -0.58

Internals:

Core Sector List: 11/5 Pos

- NYSE -
BREADTH: 2.2/1 Pos
AD LINE: +600

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: -300

Today on the Marketbeat: A whole lotta fight, very lil to show...

Tuesday looked to start the day bearish but the bulls are a feisty bunch. The day was very much like many of the days of 2009 when following a strong rally day, the market just floundered between slight bearish numbers to slight bullish numbers. The market did close near the highs of the day, with the internals closing at the highs on the NYSE.

The tale of the day was SOH (or sit on hands) if your looking to swing trade, if you are a day trader than perhaps some plays might have caught your eye, but overall the day was a bit of a lackluster. The internals spent the day battling for bragging rights come the closing bell with the bulls edging out the bears with slightly better numbers.

One stock of note today hit my tape. Verizon (VZ) hit the unusual options tape as it traded over 1 million contracts of the Jan 30 Call. Now we cannot tell right now if that is sold or bought, the fact is that this is a big number of shares for on strike price. Mumbles have said that it is a dividend play but it's good to keep an eye on this one because it might just turn some heads.

Until Wednesday, Happy Trading

Today on the Marketbeat:

2010-01-04T16:32:00.003-05:00

Market #'s @ Closing Bell:

S&P: +18
DOW: +155
NASDAQ: +39
Rus2K: +14
TSX/S&P: +120
$VIX: -1.64

Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 6.1/1
AD LINE: +1800

- NASDAQ -
BREADTH: 5.1/1
AD LINE: +1580

Today on the Marketbeat: New Year Bulls

The first trading day of the new year has come and gone. The bears ended 2009 with a bit of a selloff which the bulls have happily bought into today with a gap on the open and investors not looking back much there after. Gold rose over $20 on the day, Oil was up $2 on the day and the S&P closed the day about 18 points to the upside.

The internals, especially the breadth were the tell tale indicators as the volume pushed higher even into the close as bulls hopped onto bullish sectors like tech, construction and just about everything else. Commodity plays were in the green today as well.

The rest of the week could be seen or used as a early signal, a groundhog if you will to help give an idea as to what kind of a year we may be into. However, if the buyers keep pushing equity higher many investors will be forced to buy into the new year rally as the direction continues to be higher

Happy Trading

Today on the Marketbeat:

2009-12-16T17:12:00.002-05:00

Market #'s @ Closing Bell:

S&P: +1
DOW: -10
NASDAQ: +5
Rus2K: +4
TSX/S&P: +112
$VIX: -0.45

Internals:

Core Sector List: 10/6 Bulls

- NYSE -
BREADTH: 1.2/1
AD LINE: +880

- NASDAQ -
BREADTH: 2/1
AD LINE: +440

Today on the Marketbeat: FOMC Monster Truck

Well another FOMC day has come and gone with not too much to show from it. The market opened the day with a gap up and a push higher, however the rally did take a pause and fall after the FOMC minutes. The Market has been floundering around the 50% area of the Oct 07 highs and the March lows for quite some time now, not being able to lift higher or fall lower without some big piece of news or market moving information.

The internals today were bullish but towards the end of the day lost alot of its strength as the market sold off. After losing the resistance pivots the market did hold onto some gains, 1 pt on the S&P but fell on the Dow. The Core sector list closed the day 11 to 5 to the bulls and the breadths closed the day barely in the green.

Research in Motion (RIMM) is set to release earnings tomorrow after the bell and FSLR are holding a meeting tonight to discuss the forecast of 2010. These are 2 potential movers for the end of the week, and in a market this iffy, these both could shift the market one way or another so stay nimble.

Happy Trading

Today on the Marketbeat:

2009-12-14T16:14:00.001-05:00

Market #'s @ Closing Bell:

S&P: +7.5
DOW: +29
NASDAQ: +21
Rus2K:
TSX/S&P:
$VIX: -0.50

Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 2.1/1
AD LINE: 1400

- NASDAQ -
BREADTH: 3.5/1
AD LINE: 600

Today on the Marketbeat: Another day another dollar...

Another Monday morning gap opened this week this morning, however the gap filled around 11am. That wasn't the end of the bulls though, as they pushed higher into the afternoon but failed to do much more than gap there after. Gold was up but not up to its high flying ways like from weeks before. It seems like the market is ready for Christmas vacation but with alot of earnings announcements this week that is highly unlikely.

The internals were all in the green today as the bulls led the market internals today with the breadth and ad lines closing near the highs and the core sector list pegging the day at 16 to 0 to the bulls..

Earning's of note tomorrow are Best Buy (BBY) and this week RIMM will be releasing their quarterlies on Thursday...

Happy Trading

Today on the Marketbeat:

2009-12-14T16:14:00.000-05:00

Today on the Marketbeat:

2009-12-10T18:18:00.002-05:00

Market #'s @ Closing Bell:

S&P: +6
DOW: +68
NASDAQ: +7
Rus2K:
TSX/S&P:
$VIX: +0.20

Internals:

Core Sector List: 10/6 Pos

- NYSE -
BREADTH: 1.8/1 Pos
AD LINE: +560

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: +60

Today on the Marketbeat: Are the Bulls back in town?

Well Thursday opened and closed in a very close range to each other as the Market gaped up on the opening bell and remained in that area. The Bulls did hold the levels, but they did not build off the gap too much through-out the day. The internals helped out as they gave us a good idea of what was going on once again, Gold was up but didn't build too much off the levels.

Once again tech did help the market today as RIMM and AMZN were up again breaking to highs again. RIMM still building off the news that China will carry their Blackberry phones. The levels are still in a wedge pattern with both sides showing their case but neither coming out with anything other than a 1 - 2 day trend.

The week comes to a close tomorrow, and it should be another bland session unless something hits the tape to change that... if institutional investors chose to get a head way on a direction before the weekend I would be surprised but it has happened before.

Happy Trading

Today on the Marketbeat:

2009-12-09T16:06:00.000-05:00

Market #'s @ Closing Bell:

S&P: +4
DOW: +51
NASDAQ: +10
Rus2K:
TSX/S&P:
$VIX: -0.93

Internals:

Core Sector List: 12/4 Pos

- NYSE -
BREADTH: 1.2/1 Pos
AD LINE: +300

- NASDAQ -
BREADTH: 1.8/1 Pos
AD LINE: +11

Today on the Marketbeat: Snow Storms and Choppy markets

Wednesday looked like the bears were finally getting a grasp on those pesky bulls, however, the leadership of tech today led the way higher as the bulls came back and put the market higher towards the end of the session. RIMM + AAPL + GS were the leaders today, as the afternoon proved to be to the bulls as they closed the day near the highs after hitting 1096 on the ES (off the lows of 1086).

The internals were down and then up as the breadth screamed higher as the tech heavy NASDAQ chugged upwards while the ES was still holding the S1 pivot tot he downside. As a result of all these buy programs hitting the market rose of the lows and closed higher.

So this leaves us about exactly where we have been sitting for the past 3 weeks in that area of 1100 to 1080 on the ES as we continue to channel between those highs and lows waiting for this holding pattern to shoot out either way, and considering that the holidays are right around the corner one could say that we might continue this sideways holding pattern until January.

Here are some unusual options:

DRQ - jan 60 calls / MOT - jan 7.5 puts / TSO: Jan 12.5 / BRCD: dec 8 calls / lulu: 25 puts

Happy Trading

Today on the Marketbeat:

2009-12-08T16:11:00.000-05:00

Market #'s @ Closing Bell:

S&P: -11
DOW: -104
NASDAQ: -16.5
Rus2K: -
TSX/S&P: -
$VIX: +1.40

Internals:

Core Sector List: 14/2 Negative, Gold Down 32pts

- NYSE -
BREADTH: 5/1 Neg
AD LINE: -1160

- NASDAQ -
BREADTH: 1.6/1 Neg
AD LINE: -970

Today on the Marketbeat:

A bearish morning, a choppy afternoon

Today the opening bell was to the downside and the market didn't gain too much ground off that throughout the day. The high point brought the market up to 1097 on the ES futures but failed to fill the mornings opening bell gap and closed the day near pegging the lows. The internals were primarily bearish for the most part of the day, closing the day near their lows with the NYSE Breadth leading the way to the downside (5/1 Neg) while the $VIX pushed up over 1.42 pts.

With a primarily bearish day, we still are sitting in that area of 1100 to 1080 on the ES, which translates to the market still being in the 'showing its hand' area. This means that while the intra-day levels are quite trade able the swing levels are still in quite the holding pattern. The market has pushed up quite alot, and the strength of the bulls should not be fought against, however, with such a bullish rally in the last 8 months the question could be asked how much gas do the bulls have?

All these questions will most likely be answered in the near future, until then trade well and have fun

Happy Trading

Today on the Marketbeat:

2009-12-07T16:06:00.003-05:00

Market #'s @ Closing Bell:

S&P: -2.5
DOW: +1
NASDAQ: -5
Rus2K: -0.23
TSX/S&P: -16
$VIX: +0.94

Internals:

Core Sector List: 11/5 Negative

- NYSE -
BREADTH: 1.3/1 Neg
AD LINE: +280

- NASDAQ -
BREADTH: 1/1
AD LINE: +55

Today on the Marketbeat: 'Some Chop with that?

Monday, December 7th was a bit of a lack luster start to the week, after seeing many gap opens in the past couple of weeks. The market was range bound for most of the session, moving between 1104 and 1110 on the ES. Around 2:30pm the ES broke to the downside, hitting new lows for the day hovering around those levels untilt he final minutes when it mustered up some bullish candles, mostly likely due to short covering.

The internals were a mixed bag today, with it showing the holiday spirit with red and green all over the place. To put it simple, the market is a traders market until it shows its hand to the upside or downside.

The is no economic data slated for release tomorrow so we could be in for another choppy day unless something hits the tape to move the market.

Happy Trading

Today on the Maketbeat:

2009-12-02T16:13:00.001-05:00

Market #'s @ Closing Bell:

S&P: +.5
DOW: -18
NASDAQ: +9
Rus2K:
TSX/S&P:
$VIX: -0.8

Internals:

Core Sector List: 10/6 Pos

- NYSE -
BREADTH: 1.1/1
AD LINE: +930

- NASDAQ -
BREADTH: 2/1
AD LINE: +630

Today on the Marketbeat: Bulls in Bears Clothing?

The market was not following up on yesterdays bullish charge, Wednesday saw some of that 2009 chop action. However, even though the bulls ruled the interneals across the board, the market was not on a bullish tear today. For the most part of Wednesday, the market was chopping from up a bit to down a bit and it was a bit confusing seeing how the internals were mostly in the green.

The price levels are very closely nearing the 50% retracement levels from the highs of Oct 08 to the lows of March 09. The exact level is 1120 on the $SPX, and after coming so high so quick, could we be in for a pullback going into the New Year? The bulls have been having some issues pushing and holding higher highs at the current level. This could be a precursor to a pullback to more manageable levels in the near term. However, this is in no way meant to count the bulls out. They have made huge strides against the back of the recession in the past 8 months and one thing we have learned is you don't fight the tide.

Tomorrow could be a tell-tale day in what direction the market wishes to take in the near term. Until we know with conviction, trade nimble

Happy Trading

Today on the Maketbeat:

2009-11-30T16:04:00.000-05:00

Market #'s @ Closing Bell:

S&P: +4
DOW: +35
NASDAQ: +6
Rus2K: +
TSX/S&P:
$VIX: -0.30

Internals:

Core Sector List: 13/3 Pos

- NYSE -
BREADTH: 1.4
AD LINE: +460

- NASDAQ -
BREADTH: 1.3
AD LINE: +60

Today on the Marketbeat: A November to Remember

Well with the closing bell today rang the end of November 2009. With that we enter the final month of 2009, and close out one of the wackiest years in market action that I can remember.

The Market got off to somewhat of a bullish start, but moved off the highs and fell to the days lows by lunch. The market chopped and then moved up off the lows after this, almost pegging the highs by the closing bell, then moving off them once more. The market seems to have lost a bit of its bullish steam, but todays move off the lows shows that the bulls are far from gone for the holidays yet.

The internals were at parody for the most part of the day and closed at the highs, it should be noted that the final push to higher levels today were fueled by news from Dubai. If this news didnt hit the tape the market looked like it could of just coasted into the closing bell doing its chop fest impression

From the looks of the 3mth chart of the $SPX it seems that 1080 to 1100 would be the important level to keep our eyes on in the coming weeks, if either side is broken it could spell the next move up or down

Happy Trading

Today on the Maketbeat:

2009-11-23T16:15:00.000-05:00

Market #'s @ Closing Bell:

S&P: +15
DOW: +132
NASDAQ: +30
Rus2K: +8
TSX/S&P: +24
$VIX: -0.99

Internals:

Core Sector List: 15/1 Pos

- NYSE -
BREADTH: 4.6/1
AD LINE: 1660

- NASDAQ -
BREADTH: 3/1
AD LINE: 900

Today on the Marketbeat: Morning gaps, Afternoon drifts

The week got off to another bullish start, gaping up a sizable amount once again. With a plus 10pt gap up the market did move off these highs hitting a high of 1111.5 but in the afternoon the market moved lower for the rest of the day, chopping around in the last 45 minutes. This gives us a move off of last weeks lows but leaves the market with a close off the highs.

The internals were flying in the morning hitting levels of 30 to 1 on the NYSE Breadth in the early hours, however they tapered off the highs significantly into the close, closing at 4.6/1 and 3/1 on the NYSE and NASDAQ respectivly. The core sector list closed at 15/1 for the bulls.

Todays trading action shows us the bulls are still in the game, but they are definatly not showing the full force that they once had, this is shown on a daily chart where the close is decently off the highs. It should be interesting to see how this short week concludes.

Happy Trading

Today on the Maketbeat:

2009-11-19T16:06:00.001-05:00

Market #'s @ Closing Bell:

S&P: -15
DOW: -93
NASDAQ: -36
Rus2K:
TSX/S&P:
$VIX: +1.00

Internals:

Core Sector List: 15/1 Neg

- NYSE -
BREADTH: 8/1 Neg
AD LINE: -1900

- NASDAQ -
BREADTH: 6/1 Neg
AD LINE: -1575

Today on the Marketbeat: Pullbacks do happen

So as the market seemingly shrug off day after day of attempts to bring the market off its highs, Thursday price action did just that in the first 20 minutes of trading. The market lost its important level of 1100, so it should be interesting to see how the market reacts to this loss of support in Fridays action. It is also Options Expiry on Friday so that usually implicates some bullishness but that's pure speculation before Friday actually comes around

The internals were a seas of red with the Core Sector list finished @ 15/1 Negative, while the breadths finished at their lows with the AD Lines not far behind. The VIX also popped up 1 pt with the sell off.

There is no economic data lined up for tomorrow so there shouldn't be any data related market moves, just plain old ebbs and flows.

Happy Trading

Today on the Maketbeat:

2009-11-18T16:06:00.001-05:00

Market #'s @ Closing Bell:

S&P: -0.5
DOW: -11
NASDAQ: -10
Rus2K:
TSX/S&P:
$VIX: -0.60

Internals:

Core Sector List: 10/6 Bears

- NYSE -
BREADTH: 1.2/1 Pos
AD LINE: -280

- NASDAQ -
BREADTH: 1.3/1 Neg
AD LINE: -580

Today on the Marketbeat: C is For Chop

Hello Traders ! ... Well Wednesday was alot like Tuesdays price action, slow and choppy with not much amounting out of it. The market doesn't seem to wan to let go of the gains its worked so hard to rally for in the past months as the pullbacks seem to be closer to taking short breathes in between huge rallies.

The internals were mixed, but mostly bearish.. However the VIX did lose some ground as fear continues to leave the market as the bulls keep on guarding their gains

Some more economic data comes out Thursday with none on Friday so we should see some movement off these levels, most likely to the upside into the end of the week, into Options expiry.

Today on the Maketbeat:

2009-11-16T16:33:00.000-05:00

Market #'s @ Closing Bell:

S&P: +16
DOW: +136
NASDAQ: +30
Rus2K: +15
TSX/S&P: +99
$VIX: -0.57

Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 7.4/1
AD LINE: 1850

- NASDAQ -
BREADTH: 3.5/1
AD LINE:

Today on the Marketbeat: Meredith Speaks, The Marketbeat listens

Welcome to the Marketbeat..

It's been a couple days since I last blogged the ongoing ebbs and flows of the market. I took a lil time to get my bearings and now I'm back again.

The day and week got off to a bullish start, gaping up about 9 ES futures points on the opening bell, and held that gap, bouncing higher for the most part of the day. Just another rally day? well around 3:10, Goldman Sachs, and the ES Futures began pulling back stronger than normally, and then the news hit. Meredith Whitney said that she had not been this bearish since last year, which explained why the market had lost its footing on the rally into the closing hour. It might be easier to forget looking back to when she put a jump start into the bulls engines, giving steam to this current rally not so long ago so it should be interesting to see how her words today will react on the market to come.

The internals were very strong up until the pullback, hitting levels of 16/0 on the Core Sector List, and 23/1 on the NYSE Breadth at the highs. However; after the news hit the tape the internals began to taper off as well, closing at much lower levels. Also the VIX ($VIX) was only down $0.57 today also showing that with a big rally the fear is not ready to bow out just yet.

With economic data coming out tomorrow (PPI) it will be interesting to see how those words could impact the market.

Happy Trading

Today on the Marketbeat:

2009-10-26T17:35:00.001-04:00

Market #'s @ Closing Bell:

S&P: -12 (lost 1080)
DOW: -104
NASDAQ: -12
Rus2K: -6
TSX/S&P: -136
$VIX: +2.00

Internals:

Core Sector List: 13/3 Neg

- NYSE -
BREADTH: 7.2/1 Neg
AD LINE: -1600 (was up 1700)

- NASDAQ -
BREADTH: 2.3/ 1 Neg
AD LINE: -1200 (was up 1200)

Today on the Marketbeat:

Well another Manic Monday has come and gone and what an interesting day it was. The day got off to a very bullish start as stocks were bought off Fridays dip. Midway through the sessions, around lunch time on the east, the broad markets began to sell off in a big way as the SPX went from being up 10+ points to being down 10+ points in the span of an hour.

The dollar seems to be the culprit as it caught a bid and the market followed suit to hit the sell button as stocks sold off into the afternoon. The Ag stocks seemed to suffer the most as they are most associated with the $ and its movements, so as the Dollar caught a bid, the Ag's (like POT and MOS) sold off big time leading the market lower. There was a couple of signs that could of helped us see this coming as the $SPX lost 1080 today big time. The Breadth has been making lower highs as the market makes higher highs. The breadth is the big dog when it comes to market internals so noticing that the breadth was diverging from the market price shows that the volume going into this rally higher was slowing. The other sign came this morning when the only Core Sector down was the banks, even as the markets hit significant highs. What happens tomorrow will be a big sign as to how to stance ourselves in the coming days. The consumer confidence report comes out in the morning and there is many earnings still on the way so stay nimble

Happy Trading

Today on the Marketbeat:

2009-10-19T16:25:00.000-04:00

Market #'s @ Closing Bell:

S&P: 10
DOW: 96
NASDAQ: 20
Rus2K:
TSX/S&P:
$VIX: -0

Internals:

Core Sector List: 13/3

- NYSE -
BREADTH: 2.3/1
AD LINE: 1400

- NASDAQ -
BREADTH: 2.4/1
AD LINE: 780

Today on the Marketbeat:

With the looming Black Monday so etched into traders mind for October, the trading got off to an interesting start for this week as the bulls once again stepped in to push the market to new highs again for 2009. Frustrating for us swing traders not being able to get good pullback opportunities but this has become a traders market. So what can Swing Traders do, especially option traders?

here is something that I've come up with being a swing trader. First build and maintain a solid watchlist of stocks that you are comfortable with. Maintaining this watchlist, keeping the ones that are setting up or pulling back is a key aspect of this. Creating alerts would also be a good thing to do to keep the emotional aspects away from your trading. Once the alert goes off, and assuming the market is in accordance with the trade, all you have to do is pull the trigger. Also in times like this were we have to be on point with our options trades, keeping an eye out for cheaper stocks with cheaper options would also be good because if your initial analysis isn't correct than your taking less of a loss than on a expensive stock with alot of implied volatility.

The last thing to do is to keep your head in the game, if the market isn't setting up for you, don't lose your head over it, go enjoy the fall foliage; play some sports or just enjoy a good movie...One of the worst things I've engaged myself is sitting in front of the screen and dwelling on a play that might be moving that I probably would of never taken in the first place, it just ruins your chances of finding and acting on another good trade.

The market is fast approaching the 50% fibo retracement from the lows to the highs from the recession so stay nimble.

Happy Trading

Today on the Marketbeat:

2009-10-15T17:54:00.001-04:00

Market #'s @ Closing Bell:

S&P: +4.5
DOW: +46
NASDAQ: +1
Rus2K: -1
TSX/S&P: -27
$VIX: -1.27

Internals:

Core Sector List: 9/7 Bulls

- NYSE -
BREADTH: 1.1/1
AD LINE: +8

- NASDAQ -
BREADTH: 1.5/1 Neg
AD LINE: -330

Today on the Marketbeat:

Another day another dollar on the equity markets. Earnings on GS were slightly shrugged off today as the markets chopped around for the most part of the session. The markets did rally off the lows into the close, hitting new highs for the year once more, however - this new high came with different stipulations than the last couple of sessions. The internals were nothing but flying positive today, actually they came in barely to the bulls. Looking towards Fridays action, being options expiry, the markets are hitting new highs but could easily see a solid sell off over the weekend / Monday morning.

As usual we aren't ones to fight the trend, but if we spot the markets tapering off into the afternoon tomorrow we may look to initiate some short positions (short or puts) on the SPY or DIA to possibly take advantage of the post expiration blues. This is of course assuming the markets seem weary into the afternoon tomorrow. There are still many big names to release earnings soon so anything can happen to stay nimble...

Happy Trading

Today on the Marketbeat:

2009-10-14T17:19:00.000-04:00

Market #'s @ Closing Bell:

S&P: +19
DOW: +144
NASDAQ: +32
Rus2K: +
TSX/S&P: +
$VIX: -0.12

Internals:

Core Sector List: 15/1 (Gold Down)

- NYSE -
BREADTH: 6.9/1
AD LINE: 1500

- NASDAQ -
BREADTH: 5/1
AD LINE: 1350

Today on the Marketbeat:

Wow, I guess the earnings season is off to a bang as Intel delivered good earnings as well as JP Morgan. This sent the market soaring in the early hours, and into the after noon pegging new highs for 09 once again. There is still alot of heavy earnings players to come out this week that could definitely send the market either way so stay nimble. The market was mostly bullish minus gold today and even with the huge rally the Vix was only down about 12 cents so keep an eye on your longs and get ready for the next leg of earnings season..

Happy Trading

Today on the Marketbeat: Post #201

2009-10-13T16:07:00.003-04:00

Market #'s @ Closing Bell:

S&P: -3
DOW: -15
NASDAQ: +1
Rus2K: -3
TSX/S&P: -14
$VIX: -0.07

Internals:

Core Sector List: 10/6 Bears

- NYSE -
BREADTH: 1.4-1 Neg
AD LINE: -400

- NASDAQ -
BREADTH: 1.5/1 Pos
AD LINE: -250

Today on the Marketbeat:

Wow I guess I was so full of turkey yesterday that I failed to notice that it was my 200th post, Epic. So after the lack luster Columbus/Thanksgiving day performance across the board investors were looking for Tuesday's action to give a better idea of what could be in store, however since there is so much earnings activity coming out Tonight through Friday, I suppose that the maxim of letting the market show its hand is in full swing. The markets were down for the most part of Tuesday's intra-day action, but the bulls did battle them back in the afternoon bringing the price close to break even on the close. The internals once again were the key to staying above the emotions as they were mostly in the red from the opening bell. The core sector list was the best place to start as it was ruled by the bears for the whole day, closing the day 10/6 to the bears. The Breadths closed mixed, with the NYSE in the red and the NASDAQ in the green while the ad lines were not so much help, both closing with a loss of ticks.

Tonight Johnson & Johnson release earnings as to Intel. Thursday is GOLDMAN SACHS and GOOGLE and there is no shortage of other big names that can defiantly move the market. Meredith Whitney downgraded Goldman Sachs from Buy to Hold this morning bringing that stock down heavily up until the closing hours as it rallied off its lows.

Here's some unusal option activity from today:

-AKAM oct 21 calls / LLCC: Nov 24 puts (Earnings tonight after close) / CHK: oct 30 calls / LRCX: selling Nov 30 calls / ITT: Calls active

Today on the Marketbeat:

2009-10-12T16:25:00.003-04:00

Market #'s @ Closing Bell:

S&P: +4.7
DOW: +21
NASDAQ: -3
Rus2K: -1
TSX/S&P: -47
$VIX: +0.32

Internals:

Core Sector List: 12/4

- NYSE -
BREADTH: 2/1
AD LINE: 261

- NASDAQ -
BREADTH: 1.1/1
AD LINE: -150

Today on the Marketbeat: The market has a shaky start.

Well it was a nice week off but I'm back to work now, and I couldn't of picked a better day to come back as the market gets off to a shaky start during one of the most interesting earnings weeks in some time with J&J, Goldman Saches, Pepsi, Citigroup and Google all reporting earnings later this week.

The internals gave way around 2pm when the sell off first started happening off what seemed to be no news, although the dollar did rally a bit which could of given equity investors reason to jump ship and take some profits off the table after the gap open. After the gap filled to the penny the market rallied off that and chopped around the 1st resistance pivot and closed the day at that area.

J&J releases earnings tomorrow and Google and GS on Thursday so keep your eyes peeled, If the market looses 1070 on the SPX then take profits and possibly initiate some shorts, if we take out 1080 tot he upside some longs might be a good idea.

Happy Trading

Today on the Marketbeat:

2009-10-05T16:04:00.002-04:00

Market #'s @ Closing Bell:

S&P: +15
DOW: +106
NASDAQ: +20
Rus2K: +10
TSX/S&P: +136
$VIX: -1.8

Internals:

Core Sector List: 16/0 Pos

- NYSE -
BREADTH: 8.2/1 Pos
AD LINE: 2000

- NASDAQ -
BREADTH: 3.7/1 Pos
AD LINE: 1400

Today on the Marketbeat:

Thank you Goldman Sachs, was the overall sentiment from the Bulls camp today as the equity markets bounced off the 50 ma with a broad and deep rally with most sectors up 1% or more. As we all know 1 day doesn't equate a trend but the market did bounce with decent strength off the 50 day Moving average and held those gains well into the close. One aspect to keep in mind is that the rally did stop short of 1040 on the ES (SPX) and it is something to take note of as it is an important point of reference.

The internals stayed pretty strong for the mot part of the day as the core sector list closed the day essentially 16/0 with one sector closing flat on the day and the Breadths closed well into the green as the bounces continue to be bought.

Here is some unusual option activity: VRTX: oct 40's / AEO: 2k of oct 15's / HES: 26kcallsvs3kputs, oct 55 / ORCL: Nov 22 calls / MOT: Nov 9 Calls (watch) / GE:Oct calls // ATHR: Nov 27.5 Puts / NXY

Today on the Marketbeat:

2009-10-01T16:11:00.001-04:00

Market #'s @ Closing Bell:

S&P: -27
DOW: -203
NASDAQ: -65
Rus2K: -
TSX/S&P: -
$VIX: +2.80

Internals:

Core Sector List: 16/0 Neg

- NYSE -
BREADTH: 19/1 Neg
AD LINE: -2000

- NASDAQ -
BREADTH: 13/1 Neg
AD LINE: -1500

Today on the Marketbeat:

Today the markets finally gave into the selling pressure as the equity markets fell over 2% across the board. The sell off was initially lead by bad home sales numbers and continued as more data came out that investors clearly didn't like. The market was bearish for the whole day as internals kept going lower even when the market was just going sideways, up until the market caught up and hit new lows going into the closing bell. With a sea of red on all sectors today was the day the bears have been waiting for, that mythical pullback that everyone has been expecting for weeks (months for some).

We'll see if the selling pressure continues into the weekend or if the markets will find a level for the bulls to buy back into, but with the amount of negative internals and red across the board it seems were more likely to chop around than see another huge sell off.

Happy Trading

Today on the Marketbeat:

2009-09-30T18:55:00.000-04:00

Market #'s @ Closing Bell:

S&P: -3
DOW: -30
NASDAQ: -1
Rus2K:
TSX/S&P:
$VIX: +0.62

Internals:

Core Sector List: 13/3 Neg

- NYSE -
BREADTH: 1.7/1 Neg
AD LINE: -525

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: -700

Today on the Marketbeat: Another day of Chop

Today the equity markets got off to a bearish start. But once again the day ended up in a buy/sell chop fest with the indices closing in the red slightly. Not much to get into after today, there is still more economic data to be released this week so keep your eyes and fingers nimble for any change in the potential trend...

Happy Trading

Today on the Marketbeat:

2009-09-29T16:15:00.003-04:00

Market #'s @ Closing Bell:

S&P: -2.5
DOW: -47
NASDAQ: -10
Rus2K: -2.3
TSX/S&P: +50
$VIX: +0.17

Internals:

Core Sector List: 10/6 NEG

- NYSE -
BREADTH: 1/1 Equal
AD LINE: -100

- NASDAQ -
BREADTH: 1.5/1 Neg
AD LINE: -400

Today on the Marketbeat:

Well after Monday's epic technical bounce off the MA, Tuesday lacked in any sort of follow up to the up or downside as many traders got faked out before the consumer sales report was released around 10:30 am. Stocks were bought up prior but sold off with a vengeance once the #'s failed to inspire anyone to keep buying and prices continued to chop around after until the close.

Some say that the window dressing that has been done by many money managers who may have missed out on the big summer rally could be finally over and we could now see how deep the pullback could be. Is that going to happen? Well no one knows until something happens, right now we are still remaining cautiously bearish, with one eye scoping out bearish ideas in the case of another nice drop to the downside.

With internals failing to inspire anything the day closed near the lows and short term investors like myself are left at the proverbial drawing board to find some solid set-ups...

Stay nimble
Happy Trading

Today on the Marketbeat:

2009-09-28T16:06:00.002-04:00

Market #'s @ Closing Bell:

S&P: +18
DOW: +124
NASDAQ: +40
Rus2K:
TSX/S&P:
$VIX: -0.64

Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 5.8/1
AD LINE: +1350

- NASDAQ -
BREADTH: 3/1
AD LINE: +1000

Today on the Marketbeat: The Rally Continues...

So after an extended 2 day pullback across the equity markets, Monday turned out to show that the 20 day MA would prove to be at least short term support as stocks across the board rallied today, up as much as 2% in the case of the NASDAQ.

The reasons behind today's rally could be just a simple technical bounce, as the rally did take place on smaller volume, but that didn't seem to phase any investors from pushing stocks into the green today. The internals were a seas of green as the core sector list finished the day @ 16/0 to the bulls and the Breadths and Ad Lines closed the day near pegging the highs to the Bull side...

There is still alot of economic data to come out this week so almost anything can happen from here on in. But by the looks of how the price action finished near the highs one could imagine that the rally might continue at least to the prior highs before any serious resistance steps in.

Happy Trading

Today on the Marketbeat:

2009-09-24T16:04:00.002-04:00

Market #'s @ Closing Bell:

S&P: -10
DOW: -41
NASDAQ: -23
Rus2K: -44
TSX/S&P: -206
$VIX: +1.40

Internals:

Core Sector List: 15/1 Neg

- NYSE -
BREADTH: 6.5/1
AD LINE: -1600

- NASDAQ -
BREADTH: 5/1
AD LINE: -1400

Today on the Marketbeat: The pullback is here

The pullback that many have been waiting for for weeks has finally come. After the SPX hit the downtrend line from the highs of last year the market turns down a decent chunk as stocks across the board hit the red for what seems the first time all summer. Does this mean it will continue to drop? It could... but we here at Vision Wealth Management don't believe in being speculative, we rather watch what the market does first. This from what it seems is a technical bounce and is around areas of support, so we could just see some chop Friday or we could see it continue.

The internals were pretty much all red today and were like that for the most part of the day. The VIX finally tacked on some solid gains as the market dropped, showing fear is creeping back in the market

Happy Trading

Today on the Marketbeat:

2009-09-23T16:05:00.003-04:00

Market #'s @ Closing Bell:

S&P: -10
DOW: -80
NASDAQ: -5
Rus2K: -4
TSX/S&P: -42
$VIX: +0.52

Internals:

Core Sector List: 14/2 Neg

- NYSE -
BREADTH: 4/1 Neg
AD LINE: -870

- NASDAQ -
BREADTH: 1.8/1 Neg
AD LINE: -500

Today on the Marketbeat: The trap door opens?

Well after weeks and weeks of stables gains into the close, today the market lost 10 points on the SPX and did it mostly when the bulls usually stepped in. This could mark a short term top if the bulls don't back up this action into the weekend, and if it is it could be a real trip.

The internals were the sign to help us stay on the right side today as they shifted hard into 3pm today. The VIX also pulled some gains on as the market sold off. This sell off was broad and heavy as the core sector list went from green to red really quick.

As the FOMC minutes are over and gone for awhile we watch for earnings, specifically RIMM who come out with their earnings Thursday night after the close and could be a big mover for the tech heavy NASDAQ.

Happy Trading

Today on the Marketbeat:

2009-09-22T16:03:00.002-04:00

Market #'s @ Closing Bell:

S&P: +7
DOW: +50
NASDAQ: +10
Rus2K: +5
TSX/S&P: +151
$VIX: -0.91

Internals:

Core Sector List: 11/5

- NYSE -
BREADTH: 3.2/1 Pos
AD LINE: 1245

- NASDAQ -
BREADTH: 1.2/1 Pos
AD LINE: 400

Today on the Marketbeat:

Another bullish day in the equity markets today as the Bulls are still on parade. With a bit of a suspect opening gap today, the market managed to hold it up throughout the trading day. Leading the way were commodities and stocks that are in those sectors.

The internals stayed positive with the markets price action for the whole day backing up the bullish bias that we maintained throughout the day. The NYSE Breadth finished strong @ 3.2 to 1 positive, pushing down the VIX another 90 cents.

Tomorrow is the every famous FOMC minutes as the words coming out of the chairman's mouth could open a can of whop ass on the markets or... it could do very little, the idea is to be ready for anything tomorrow @ 2pm.

Here's some stocks with unusual options activity:
MBI: 11k oct 8 calls / CLX: PG buying, 17k oct calls / NTRI: over 5k on call side vs 110 on put side / JDSU: oct 7-8 calls / TLAB: oct 7.5 calls / CEPH: 2400 65 calls (take over chatter) /

Happy Trading

Today on the Marketbeat:

2009-09-21T16:05:00.002-04:00

Market #'s @ Closing Bell:

S&P: -3
DOW: -24
NASDAQ: +5
Rus2K: -2
TSX/S&P: -33
$VIX: +0.03

Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 1.6/1 Neg
AD LINE: -1000

- NASDAQ -
BREADTH: 1.4/1 Pos
AD LINE: -200

Today on the Marketbeat:

The market took a bit of a breather post quadruple witching. It's been known to be a slow, slightly bearish day after the options expire and today did not stray off that pattern. The bears took the bulls down early on in the session but the bulls are not ready to back off just yet.

The internals were split down the middle at the closing bell, the NASDAQ coming across the line positive, and the NYSE closing the day slightly bearish.

There is not much going on economic report wise until the FOMC minutes Wednesday. Which could prove to be interesting if they see it fit to up the interest rates, but that would be a surprise in this traders eyes. The trend continues to be bullish, as the markets pushed off the bears gap today. If the trend is broken, as always look for stocks that have unstable gains, ones that ripped up really fast, and don't have much to back up the reasoning of the gains to short.

Happy Trading

Today on the Marketbeat:

2009-09-17T16:03:00.002-04:00

Market #'s @ Closing Bell:

S&P: -3
DOW: -7
NASDAQ: -5.75
Rus2K: -2
TSX/S&P: -66
$VIX: +0.06

Internals:

Core Sector List: 12/4 Bears

- NYSE -
BREADTH: 1.5/1 Neg
AD LINE: -370

- NASDAQ -
BREADTH: 2/1 Neg
AD LINE: -12

Today on the Marketbeat:

Well if this is the pullback that investors have been looking for, then the bulls are very strong. But this is probably not that time. The market closed slightly bearish today, as the 9 straight days of bullish higher closes comes to an end.

The internals finished the day barely in the red, but they did back up the price action which finished slightly in the red as well. Tomorrow is options expiry day so expect some choppiness in the afternoon

Happy Trading

Today on the Marketbeat:

2009-09-15T16:13:00.000-04:00

Market #'s @ Closing Bell:

S&P: +3
DOW: +56
NASDAQ: +9
Rus2K: +3.8
TSX/S&P: +123
$VIX: -0.54

Internals:

Core Sector List: 10/6

- NYSE -
BREADTH: 2.3/1
AD LINE: 1150

- NASDAQ -
BREADTH: 1.8/1
AD LINE: 800

Today on the Marketbeat:

8 Straight days with Higher highs on the $SPX. When will the retracement occur?. Today the market slugged its way higher as once again the $SPX is seeing higher highs and continues to be bullish in the face of overextension. The Shadowtrader, Peter Reznichek mentioend today that the market likes to cycle in odd numbers, so if we saw another Higher High tomorrow than it could mark a possible short term top in this latest run up.

The internals really helped keep the emotions at bay today as they led the way allday showing decent bullish levels as most top line figures hit new highs once more. But the bottomline has to be stay nimble, when the market gives us a signal that something has changed we adjust, until then the trend is your friend.

Happy Trading

Today on the Marketbeat:

2009-09-14T16:12:00.001-04:00

Market #'s @ Closing Bell:

S&P: +6.5
DOW: +28
NASDAQ: +7.5
Rus2K: +5.6
TSX/S&P: +70
$VIX: -0.31

Internals:

Core Sector List: 14/2

- NYSE -
BREADTH: 2.5/1 Pos
AD LINE: +1000

- NASDAQ -
BREADTH: 2/1 Pos
AD LINE: +800

Today on the Marketbeat: Another Manic Monday

Well as the Futures got to trading Sunday night they looked like the market was going to see a decent pullback, and come 9:30 am they just did that, opening down 10 pts on the S&P ES Futures. The Market did fill this gap lower around 11am and it did so in a slower fashion than as of late. This gives me the idea that these types of moves might just be the "pullbacks" we all are watching for. Keeping in mind that this market of late is a bullish market. When the market drops overnight, the bulls seem to have a certain level that they are defending and push it up after throughout the day.

What can this piece of information tell us? well it could tell us that we need to be aware of the fact that in this market the pullbacks that we are looking to buy might be intraday pullbacks and that we need to really dismiss any kind of opinion we attach to the price action we see, and trade it for what it is. That means if and when a longer deeper pullback occur, then sell into it or take profits off the table at that point, however, if your looking for pullbacks to buy into - watch how the market guards the support levels, if they cant take them out then that just might be the extent of the pullback we see in that day.

Here's some notes

TICKS - Looking for extremes (+/- 1000), Distributions - where are the values being distributed (above or below zero line) / UNH (3yrs chart): bullish ascending triangle - 30 actions point to long side / WYNN on pullback / AKAM at action point watch / QSFT: riding the 20ma, if breaks below 20, could enter a buy zone / CRR: buy on pullback after 3x top breakout / RL: buy on break or pullback

Happy Trading

Today on the Marketbeat:

2009-09-10T16:07:00.003-04:00

Market #'s @ Closing Bell:

S&P: +10
DOW: +80
NASDAQ: +20
Rus2K: +10
TSX/S&P: +130
$VIX: -0.75

Internals:

Core Sector List: 14/2

- NYSE -
BREADTH: 3.7/1
AD LINE: 1550

- NASDAQ -
BREADTH: 4/1
AD LINE: 1100

Today on the Marketbeat: Another new high

The rally continues as across the broad market, new highs were hit today as there doesn't seem to be a logical end to this rally. One red flag for Bulls is the fact that the market made this new high on slightly weaker volume. But just because the new highs were made on weaker that like to be seen volume, that doesn't mean you cant trade this rally, You just have to make sure you are more nimble and lock in profits quicker.

The internals were once again that sign to help us traders stay on the right side of the trade as they all ripped to new highs into the close. One small shake out before the break out was barely noticeable on the internals as they often are the first sign to chinks in the armor.

There is a couple of economic reports coming out tomorrow so stay nimble on open longs and possibly scan from some short ideas for next week.

Happy Trading

Today on the Marketbeat:

2009-09-09T16:09:00.002-04:00

Market #'s @ Closing Bell:

S&P: +8
DOW: +50
NASDAQ: +22
Rus2K: +10
TSX/S&P: -60
$VIX: -1.26

Internals:

Core Sector List: 12/2

- NYSE -
BREADTH: 2/1 Pos
AD LINE: 1300

- NASDAQ -
BREADTH: 4/1 Pos
AD LINE: 1100

Today on the Marketbeat:The Market peeks it's head higher

Today the bullishness sentiment continued as the rally on the overall markets continued as the S&P pushed up in the early hours of trading. The market took over the 3rd pivot point of resistance before lunch time. and with relative ease. After that point however, the market tapered off as profits were taken in the afternoon hours, only to pull the last hour rally as investors sent the ES futures near the highs at the close... Confusing much?

The internals were a bit cloudy as the breadths didn't reflect the strong price action that the market witnessed today. The AD Lines tacked on decent gains, +1000 on both NYSE and NASDAQ, while the core sector list finished the day 12/4 tot he bulls. With the way the market collapsed into the afternoon and the breadth not matching the strength that the price action showed, keep a close eye on the longs as this rally looks to continue.

Happy Trading

Today on the Marketbeat:

2009-09-08T17:57:00.000-04:00

Market #'s @ Closing Bell:

S&P: +9
DOW: +56
NASDAQ: +19
Rus2K:
TSX/S&P:
$VIX: +0.40

Internals:

Core Sector List: 12/4

- NYSE -
BREADTH: 2/1
AD LINE: 1470

- NASDAQ -
BREADTH: 3.2/1
AD LINE: 600

1010 support

Today on the Marketbeat:

The market opened up today on a gap up and didn't look back much there after. However with the 2nd pivot point being locked at 1025 on the ES futures, the market couldn't muster enough strength to push through that level. The internals were mostly bullish with the core sector list closing the day @ 12 over 4 to the bulls. The Breadths closed at the high of the day while the AD Lines tacked on decent gains. There is some economic data coming out this shortened trading week and 1010 should be watched as a level of support (action point) assuming the market wants to take a lil plunge lower.

Happy Trading

Today on the Marketbeat:

2009-09-03T15:22:00.000-04:00

Market #'s @ Closing Bell:

S&P: +8
DOW: +62
NASDAQ: +16
Rus2K:
TSX/S&P:
$VIX: -1.84

Internals:

Core Sector List: 14/2

- NYSE -
BREADTH: 5.2
AD LINE: 1600

- NASDAQ -
BREADTH: 2.6
AD LINE: 940

Today on the Marketbeat:

Another largely range bound day as Thursday winds to a close. The market gaped on the open to the upside, only to fill it once moce as the bulls and bears continued their struggle for power today. The bulls did seem to have an early edge as some numbers released seemed to be bullish, but the crazy pipe was lit early and the range bounce chop continued late into the day until the final 30 minutes when the bulls stepped in and bought up the market into the close, giving the S&P back its prescious 1000 level.

The internals today were the guiding light that kept us from going short every bounce, as there were very much in the green today across the board. The last of the economic data comes out tomorrow and it could provide a big spark as it is after all a long weekend with Monday (Labour Day) being a holiday.

Keep your fingers ont he trigger, Happy Trading

Today on the Marketbeat:

2009-09-02T16:07:00.003-04:00

Market #'s @ Closing Bell:

S&P: -3
DOW: -29
NASDAQ: -1.8
Rus2K: -2
TSX/S&P: +34
$VIX: -0.24

Internals:

Core Sector List: 13/3 Bears

- NYSE -
BREADTH: 1.7/1
AD LINE: -670

- NASDAQ -
BREADTH: 1.4/1
AD LINE: -117

Today on the Marketbeat:

Wow.... I just got awakened by the closing bell, and Brad the Shadow trader giving the day's wrap up... Ok im kidding I wasn't sleeping but give one good look at today's intraday action and you could of sworn that the market took a cue out of Green Day's smash up "Wake me up when September Ends". The market began the day with a gap lower that was filled fairly quick, but after the morning rush the market didn't do much of anything. In fact the whole day was spent in between the overnights high's and low's. Interesting when you think about it. Yesterday the big money was busy selling, but today the big money was niether favouring the bulls or bears. One market did move, and move big today - Gold rallied all day long, hitting new highs up until the close. Keep an eye out for gold mining stocks, GG - ABX for example

Many investors may be waiting up for Friday's economic reports to make further moves, but that doesn;t mean the market won't be actionable tomorrow. Watch the 980 area on the S&P for a possible bounce area if the bearish slide continues. If that area is taken out, then all those investors that went long at this area will be wrong and might be forced to cover.

Happy Trading

Today on the Marketbeat:

2009-09-01T16:05:00.002-04:00

Market #'s @ Closing Bell:

S&P: -22.5 (lost 1000)
DOW: -185 (2%)
NASDAQ: -40
Rus2K: -14
TSX/S&P: -188
$VIX: +3.14

Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 15/1
AD LINE: -2000

- NASDAQ -
BREADTH: 6/1
AD LINE: -1500

Today on the Marketbeat: A change in tide....

Today was the day most traders were waiting for, 3 weeks ago. The Market finally gave way below as the market dropped about 2% across the board. The thing that makes this interesting is that the market dropped hard on very good ISM data that was released this morning. The market had the mother of all head fakes, driving higher to fill the gap in the morning only to pull a sky diving act after the ISM data was released bringing the market down hard across all sectors.

The internals and pivots gave us traders a heads up as they turned out to be pretty spot on to help us stay ahead of the huge wave of selling. Ill be the first to admit that today's bearishness was a big surprise especially after the market filling the gap and showing signs of bullishness. The market (SPX) is now sitting below 1000 and right about on the level of support.

Today on the Marketbeat:

2009-08-31T16:38:00.000-04:00

Market #'s @ Closing Bell:

S&P: -8
DOW: -48
NASDAQ: -20
Rus2K: -8
TSX/S&P: -130
$VIX: +1.40

Internals:

Core Sector List: 14/2 Neg

- NYSE -
BREADTH: 3.9/1 Neg
AD LINE: -1400

- NASDAQ -
BREADTH: 1.5/1 Neg
AD LINE: -1200

Today on the Marketbeat:

With the end of last week coming to a somewhat un-eventful close, this week got off to an exciting start as the market gaped down 10 ES points on the opening bell. The weakest of the indices was the NASDAQ, with one glance of a long term chart of the COMP, one sees that from the High of Oct 07, to the lows of this past March, we almost pegged the 50% retracement line with last weeks high. Although the overall market condition was weaker today, most of the weakness happened on the opening bell or subsequently soon after. So the bulls seemed to be content with the level that was holding for the most part of the day. The internals once again helped the trader stay on the right side of the trade, as they did not go lower for the remainder of the day. So weakness on the open but not continued weakness throughout the day... Can someone say mixed feelings on the market? Keep your eyes on the economic reports coming out this week as they will most likely be a big sign of whats to come this week.

Happy Trading

Today on the Marketbeat:

2009-08-27T15:57:00.002-04:00

Market #'s @ Closing Bell:

S&P: +2.8
DOW: +37
NASDAQ: +3.3
Rus2K: -0.8
TSX/S&P: + 13
$VIX: -0.27

Internals:

Core Sector List: 11/5 (16/0 to the Bears this morning)

- NYSE -
BREADTH: 2.2/1 Pos
AD LINE: +250

- NASDAQ -
BREADTH: 1.6/1 Pos
AD LINE: -90

Today on the Marketbeat: Another New high for '09

What a difference a day makes? How about a couple hours? Today the day got off to a bearish start, and continued lower into the lunch time. However, around 11AM the market put in a double bottom and rallied hard into the afternoon, hitting new highs for the year once again. A very interesting day as we began with a mindset looking for shorts, but once 1014 area was hit on the ES the market changed and went long, and we finished the day looking for longs. If you don't wanna have to stay so nimble then SOH when the market is volatile like it was today. Bottom line is while the whole world was once again waiting for the market to drop, and while it seemed to want to this morning, we must remain cautiously bullish until Mother Market decides the bulls need a rest.

Happy Trading

Today on the Marketbeat:

2009-08-26T16:08:00.002-04:00

Market #'s @ Closing Bell:

S&P: +0.12
DOW: +4
NASDAQ: +0.56
Rus2K: +0.09
TSX/S&P: +2.36
$VIX: +0.02

Internals:

Core Sector List: 10/6

- NYSE -
BREADTH: 1.1/ Neg
AD LINE: -120

- NASDAQ -
BREADTH: 1.1/1 Pos
AD LINE: +130

Today on the Marketbeat: Pure Chop

Another day, another 9-5 of choppy price action near the near term highs on the S&P 500. The market started off on a bullish note as the market moved off economic reports that fared better than expected, however when the high of the day (1032 on the ES futures), the market stalled and was never able to get its bullish footing back from the bears who have been battling it out with the bulls so far all of this week. This week is post options expiration week and they do tend to sometimes be more quiet trading times. However with the market having moved a sizable chunk off those July 13th lows, when Meredeth Whitney posted some good comments that sent the market into rally mode up till this point, the market is probably trying to figure out who wants the next leg better. Today marked a triple doji top on the SPY, which could lead to a major reversal of trend, under some watch one can see that the market featured a similar bottom prior to the July 13th lows. So stay nimble, plan your trade and trade your plan.

Happy Trading

Today on the Marketbeat:

2009-08-25T16:06:00.002-04:00

Market #'s @ Closing Bell:

S&P: +2.4
DOW: +30
NASDAQ: +6
Rus2K: +3
TSX/S&P: + 116
$VIX: -0.22

Internals:

Core Sector List: 12/4

- NYSE -
BREADTH: 1.7/1
AD LINE: 620

- NASDAQ -
BREADTH: 1.1/1 Pos
AD LINE: 220

Today on the Marketbeat:

Today was a bit of an inside day. starting off bullish but fading into the later hours of trading. The market never really went into bearish mode today but one look on the daily chart of the SPY and you will notice two major topping tails. Does this mean the rally is done? We can't tell and since the internals are still backing up the bulls the rally could go into a consolidation mode for some time.

The internals were slightly bullish today but they were far from the strong levels that the market saw on the open. The consumer confidence report came in stronger than expected and gave the market some push in the early hours, but the bears were content to see the bulls stay where they stand for now

More economic reports and earnings are due this week so stay nimble

Happy Trading

Today on the Marketbeat:

2009-08-24T16:10:00.000-04:00

From

Market #'s @ Closing Bell:

S&P: -0.5
DOW: +3
NASDAQ: -5
Rus2K: -2.25
TSX/S&P: -61
$VIX: +0.21

Internals:

Core Sector List: 8/8

- NYSE -
BREADTH: 1.28/1 Pos
AD LINE: +70

- NASDAQ -
BREADTH: 1.27/1 Neg
AD LINE: -220

Today on the Marketbeat: What happens Next?

Today's trading got off to a very nice bullish start as the rally looked to continue, but as we all know things can change fast in the market, and during the lunchtime session the market sold off sharply losing all the gains but not pushing the bulls to cover into a bearish drop. The Market finished slightly lower but had a bearish vibe to it. But with one look at the internals you get the idea that neither side today was in control

The Core sector list finished the day split down the middle half in the green half in the red (a Christmas tree formation in the trading world), while the NYSE internals finished in the green and the NASDAQ finished in the red. An overall interesting day as many stocks put in bearish reversal signals, the only thing left is to see if there will be confirmations

Alot of Unusual Option activity today, Check it out...

FRE: unusual options last week, sept 2's over 3300 - Today it is @ 2.12 / FMN: 5x the amount calls over puts - 36k of Sept 2's / GNW: 7k of Sept 10's / SPLS: Calls ahead of interest for earnings - Sept 24's 4500 contracts today / DELL: earnings this week, Sept 15 calls / TIF: @ new 1 yrs highs today, Sept 30 calls / XL: over 4000 calls, 17.5 most notable / AMAT: OCT 14 calls, 11,000 / XHB: sept 15 calls /\ CAG: Dec 20 puts / GGB: Dec 10 puts, 4700 contracts / BMO: Dec 45 puts / XLNX: 5400 puts vs 900 calls - Sept 22.5's (3000)

Today on the Marketbeat:

2009-08-20T16:10:00.001-04:00

From

Market #'s @ Closing Bell:

S&P: +10.5
DOW: +70
NASDAQ: +20
Rus2K: +6
TSX/S&P: + 19
$VIX: -1.22

Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 5/1 Pos
AD LINE: 1300

- NASDAQ -
BREADTH: 2.4/1 Pos
AD LINE: 780

Today on the Marketbeat: 4 Down, 1 to go

With 4 days down this week, 1 day remains as options expiry day draws near. As is somewhat common knowledge in the active trader world, options expiry week is often times very volatile as the options for that front month expire. This week has been somewhat volatile, starting lower and bouncing with some strength off Monday's lows. The Internals helps back up today's rally higher as they all closed in the green - with the core sector list 16 to 0 on the bulls side, as well as both breadths well into bullish numbers.

Just because the market has guarded support levels as of late does not guarantee that it will continue to climb, however, when the internals back up the moves and things still point to the upside being the path of least resistance, one must stay with the flow. Put:Call ratios are currently favouring the bulls so until something changes we remain bullish.

Happy Trading

Today on the Marketbeat:

2009-08-19T16:10:00.001-04:00

From

Market #'s @ Closing Bell:

S&P: +7
DOW: +61
NASDAQ: +13
Rus2K: +4.6
TSX/S&P: +2.71
$VIX: +0.24

Internals:

Core Sector List: 12/4

- NYSE -
BREADTH: 1.4
AD LINE: +700

- NASDAQ -
BREADTH: 2.5
AD LINE: +745

Today on the Marketbeat: Another Wacky Wednesday

With a huge downward swing on Monday, then a reversal yesterday, almost anything could and DID happen today. First the market gaps down about 12 ES points, but after the 5 min low it reversed and climbed 20 pts before retracing at the 3pm reversal time. There was alot of out of nowhere spikes today that basically are adding to this being a traders market. Their are plenty of intraday plays to take, you just have to be on them and take the trigger, I however have missed some good plays this week but the buffet is always here.

The internals started the day out very bearish but as the market rose the internals followed finally evening up with the price action. The VIX closed up despite the market closing higher for the day, which might be partly due to this week being options expiry week, so remember if you are holding a position with an August front month, be sure to liquidate if you don't want any surprises.

Happy Trading

Today on the Marketbeat:

2009-08-18T16:06:00.003-04:00

From

Market #'s @ Closing Bell:

S&P: 10
DOW: 81
NASDAQ: 25
Rus2K:
TSX/S&P:
$VIX: -1.70

Internals:

Core Sector List: 15/1

- NYSE -
BREADTH: 5.5/1
AD LINE: 1771

- NASDAQ -
BREADTH: 4.5/1
AD LINE: 1260

Today on the Marketbeat: The Market rallies, but is it enough?

After Monday's sell-off, Traders were looking for the market to either continue or bounce today, and since the markets seemed to have hit their low early in the session, traders were looking for a bounce. The Markets opened up modestly higher and slowly pushed up towards the old support of 990 on the ES futures. However that old resistance turned support turned back into resistance today as the S&P futures were not able to climb over 990 on the dot. So what do we take from this? We could take it that 990 might act as a short term high lever we have to break over before the market continue higher. Or it could just mean the market is good where it is now and continue to flounder around. Lastly it could mean that the 990 level will act as a strong resistance and the market could slide lower. Three posibilities, but let the market show u its hand first

Unusual Options: TRLG sept 22.5 calls / SLE: jan 10 calls / MTW: Jan 2001 - 30k jan 15 calls / IAT: oct 18 puts /

Today on the Marketbeat:

2009-08-17T16:02:00.002-04:00

Market #'s @ Closing Bell:

S&P: -24
DOW: -186
NASDAQ: -55
Rus2K: -16
TSX/S&P: -314
$VIX: +4.10

Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 15/1 Neg
AD LINE: -2400

- NASDAQ -
BREADTH: 11/1 Neg
AD LINE: -1750

Today on the Marketbeat: The corrections finally comes...

The correction that many in the investor world have been watching and positioning for over the last month and a half of the bull rally has seemingly began. Last night I checked out the futures around 1am, and noticed that the markets were down quiet the sizable amont. With this in mind i slept peacefully knowing I had no resting long positions over the weekend. By 9am the futures were set to open 20 points lower from Fridays close, could this be the correction everyone and their mother has been squawking about?

Well one clue to whether this is the beginning of another downward leg is that the groundhog day effect this bull summer rally has pulled, going lower all day then the bulls stepping in towards the close was no where in site today. In fact the ES futures made new lows going into the close.

So where does this leave us now? we have lost important levels of support most noticeably the 990 level on the SPX. So we have to react to what happens, if the market goes lower, trade defensive, look for weak stocks that maybe need to correct or strong stocks that have been flying. Adversely,if the bulls step back in find stocks near support ready to try another bounce. Just keep it simple and trade your plan

Happy Trading

Today on the Marketbeat:

2009-08-13T16:05:00.003-04:00

From

Market #'s @ Closing Bell:

S&P: +7
DOW: +36
NASDAQ: +10
Rus2K: +
TSX/S&P: +
$VIX: -0.63

Internals:

Core Sector List: 12/4 Bulls

- NYSE -
BREADTH: 3/1
AD LINE: 960 Pos

- NASDAQ -
BREADTH: 2.6/1
AD LINE: 300 Pos

Today on the Marketbeat:

Today was another modestly bullish day. The tale of the day today was patience, because there were alot of midday setups that required a keen eye and a steady trigger finger. The market tacked on some more gains to make another high for the year. The internals were having some issues, esoecially the NYSE Breadthe. Aside from technical glitches the market day went by today relatively quickly.

Watch for tomorrows close because it could show alot as to what the traders mindsets are. If they are willing ot hold onto any gains into the weekend then it could mean that the big money investors are lookin more bullish towards the market.

Stay Nimble
Happy Trading

Today on the Marketbeat:

2009-08-12T16:06:00.002-04:00

Market #'s @ Closing Bell:

S&P: +11
DOW: +120
NASDAQ: +29
Rus2K:
TSX/S&P:
$VIX: -0.55

Internals:

Core Sector List: 16/0

- NYSE -
BREADTH: 3.7/1 Pos
AD LINE: +1400

- NASDAQ -
BREADTH: 5/1 Pos
AD LINE: +1100

Today on the Marketbeat: The Fed makes the market jump

Today was the always fun to watch, but rarely fun to trade FOMC minutes and as expected they left the rates unchanged, but their language was what mattered and aside from the knee jerk downward pressure after the release the markets didn't mind the language.

The day got off to a bullish start very quickly running up to the second Resistance level and essentially pegging it until towards the end of the session when it broke out (after the fed news died out) and pegged the high of 1011.25 on the ES.

There is some financial information remaining to be released this week so stay nimble

Happy Trading

Today on the Marketbeat:

2009-08-11T16:14:00.001-04:00

Market #'s @ Closing Bell:

S&P: -12
DOW: -96
NASDAQ: -22.5
Rus2K: -8
TSX/S&P: -154
$VIX: +0.80

Internals:

Core Sector List: 13/3

- NYSE -
BREADTH: 4.3/1 Neg
AD LINE: -1440

- NASDAQ -
BREADTH: 3.2/1 Neg
AD LINE: -1200

Today on the Marketbeat: The Internals tell the story

With a second consecutive bearish close across the board, the S&P finally loses 1000 closing @ 994. The internals were basically a saving grace to any trader looking to avoid frustration as the market chopped back and forth throughout the afternoon. The day started with a bearish cue as the market lost all 3 levels of the daily pivots points in the morning. Trading the plummet down wasn't the issue today as was waiting for a cue in the afternoon.

Tomorrow is the FOMC Minutes as Bernake returns to the stage to speak about the economy. Its not likely they are going to cut or raise rates, but once again what's important is the language they use as they speak. The Market is likely to trade choppy leading into the minutes release around 2-2:10 pm est.

Here are some unusual trading Options: WYE: oct calls / XLNX:aug22puts / HES: aug 60 / MFE: aug 45 / HANS / HSP/ ABFS

Happy Trading

Today on the Marketbeat:

2009-08-10T16:07:00.002-04:00

Market #'s @ Closing Bell:

S&P: -3
DOW: -32
NASDAQ: -8
Rus2K: -0.32
TSX/S&P: -81
$VIX: +0.26

Internals:

Core Sector List: 10/6 to the Bears

- NYSE -
BREADTH: 1/1
AD LINE: -150

- NASDAQ -
BREADTH: 1.1/1 Pos
AD LINE: -80

Today on the Marketbeat: Another choppy Monday

As you can see with a quick glimpse of the closing numbers, you can see that the market was range bound in a slightly bearish chop fest today. The SPY hit the low of the range today and rallied into the close off of that level. Although the overall tone of today was Bearish, the market still does not want to relinquish the gains it has so beautifully tacked on since the July lows.

Under the hood was a bit confusing with the internals being very much split down the middle. Today was an example of S.O.H (Sit On Hands), assuming your not day trading.

Tomorrow the monster truck comes to town as the FOMC minutes come out @ 2:15 in the afternoon, and the language will be very important to the institutions.

Happy Trading