ALL ABOUT THE CLOSE

There we have it, the major market indexes are unchanged give or take a few points. The Sox and Brokers were slightly pink, the OIL and Metal sectors were green and the Cow did have the disease impacting WEN and MCD. For those wanting more information, it was a cow in Alabama that had not yet reached the food chain.

The market internals closed with about 550 more upsiders and most of the stocks on my screens are lightly pink. Also, note the VIX is down about 3.5%, so no buy or sell signals today. The SPY also closes to the upside at 128.85 right where it opened and a 2 day RSI of about 80. The Bottom line is that it was a dissapointing day for the bulls in light of all the merger activity.