THERE IT WAS

The markets close near the lows of the day except for the IWM and the QQQQ. Those two indexes brought it back to the flat line while the market internals closed with 1,000 more losers than winners. Keep in mind that IWM/QQQQ/SMH were lagging the SPX during the recent market climb higher. Maybe the lagger now becomes the leader.

The notable losers on the day were the brokers and GOOG. The Semi's turned around and closed green as did the the Precious metals. Volatility indexes didn't budge as the VIX closes at 11.76 and is still a couple of percentage points below its 10 day SMA.

AMZN is out with it's numbers and they look good to the market as the shares are trading up a buck.

On a final note, Liz Ann Sonders on CNBC giving her market commentary. The last meaningful thing I heard from her was about five years ago when she "pounded the table" on BRCD at 150+(today you can get it cheap for $6).