THE CLOSE

One of those day where if you didn't like the price on the screen, wait, it will get to one more amenable. After all the gyrations, the markets close about where they opened with the Oils being the shining light as the XOI made a new all time high and briefly pierced the 1,200 level.

Biotechs, metals, drugs the best performing groups with internets, trannies, airlines are retailers bringing up the rear.

The markets remain overbought on a short term basis and the Volatility sisters continue their oversold ways with the VIX/VXO combo still trading about 15% under their 10 day SMA's, so more churn or lower prices is probably the most likely short term direction.