CLOSING

Markets chopped around in the green for most of the day but really couldn't muster much as it feels like it is losing a bit of its oomph going into the middle of the week.

The ticks repeatedly hit over 1,000 and even got to the +1,300 level without mustering any further upside so just a little more on why it seems like the oomph is gone for now. In addition the IWM couldn't get anything going and finished the day flat. The NAZ Futures closed up a whole 4 points in spite of Maria's excitement.

One hint that the markets would have some problems was the NAZ breadth which traded green but near the flat line all day. NYSE breadth was green at +850, so better action at the DJIA SPX duo. Just another heads up that small guys/NAZ probably lead and maybe signaling lower for the balance of the week.

GOOG AAPL and GS were all green although way off their highs as was the SMH that again ran into a brick wall near the $35 area.

I wouldn't be excited about putting on more long positions at these levels until I saw better action in the NAZ/IWM and the NAZ internals.

Sector leaders were trannies, internets, semis, homies, oil, drugs and retail. Leading lower were metals and airlines.

Final note- courtesy of minyanville.com, closing level of SPX 4 years ago today - 907; crude $27.27- gold $324.5 and the DJIA 8,623. Fun stuff.