THE CLOSE

The proof is now in. The DJIA has closed the day red by 47 and the market internals closed to the green by more than 100 issues(lol). Now you know that the DJIA is meaningless except to the talking head crew at CNBC. The NAZ and the SP500 both closed down a measly 3 points and I continue to believe and trade with the buy the dip sell the rip attitude.

The winners on the day were the Small Caps(+.4%), Metals, Homies (+2%), and Oils. The Semis started the day out well but faded into the close with the INTC morning downgrade.
I am curious to see if they can get them going again in the morning.

The Volatility Sisters were generally unchanged and are giving me no signal. The SPY bounced around all day between its Pivot Point 130.1 and support at 129.7. Hopefully tonight's basketball games and tomorrow's markets will be more interesting.