OUT

I guess that is why someone invented the STOP LOSS, as the DJIA futures trade goes awry with a large rally in the final 45 minutes. DJIA closes down 14, NAZ -13, and SPX -3.

The SMH bounced off its afternoon low of regained half its losses into the close. The QQQQ, a similar pattern as it also regains half its losses into the close.

GS C MER MSFT retailers, consumers and banks all green with the internets, oils, techs and biotechs the big losers on the day. Not sure why the markets think this YHOO news is company or sector specific; I doubt it but time will tell as more warnings are certain to come over the next several days.

Interesting that the VIX/VXO tandem rose a bit while the NAZ group, VXN/QQV both fell on the day.

Market internals improved in the last hour as only a total of 1,200 more losers than winners at the close.