SAY GOODNITE

Not much to be said about the markets this afternoon except BORING. A very light volume day as one would expect for late August and probably the same for the rest of the week.

Best sectors today were metals, oils and reits with the worst being internets, trannies, homies and airlines.

Market internals closed with about 1,500 more losers than winners but improving all day.

Volatility indexes went nowhere as the VXO got to 11.06 and the VIX to 12.29 and I suspect most are not expecting much of a ramp in volatility any time soon as the QQQQ range was 30 cents and the SPY range was 45 cents. These are the dog days of summer as the indexes closed at about the same place they opened.