THE CLOSE

Interesting day in the markets as it seemed like the bulls spent a lot ammunition trying to get the markets higher but only got them up a little as buy program after buy program (high ticks) couldn't get the job done. The small cap IWM index was the big winner up .65% but fading into the close and SMH up 1.25% helping the NDX which was up 1/2%, or 18 cents on the QQQQ.

If you thought it was a tiring day watching the action, you are not alone as the SPY range was 49 cents and the QQQQ range was 36 cents.

Market internals were positive all day (+1,600) and gave participants the hint that the day would end in the green. The financials acted better although still lethargic as GS MER and MS all close near the unchanged line.

Best performing sectors today were semis, internets, airlines, techs, and small caps; worst were oils, trannies and retailers.

Mark Haines gave us a great buy signal in crude as he was trying to find the break in the trend line this morning. So congrats to all who faded him. And how bout that Liz Ann Sonders and the way she nailed the markets a few months ago.