THE CLOSE

The markets closed near where they opened with the SP down 3 and the NAZ down 9. The other NAZ the 100 or QQQQ closed down a nickel. The big losers on the day were the Oil stocks as the OIH closed down 2.31 or 1.4%.

The market internals hinted all day that the market was not gonna flip to the green as they remained red by at least 1,500 issues through out the day. The 10 year Bond closed back under 5% and GOOG closed up 3.4.

The Volatility indexes closed about unchanged and continue to give no new buy or sell signals. The 2 day RSI on the SPY is "down" to 45 indicating it is trading in the middle of its recent range( no signal). IWM and QQQQ are closer to buy signals with 2 day RSI ratings of approximately 20. Maybe tomorrow we get some actionable signals.