Markets closed at /near their lows after trying to rally as the DJIA closed -78, NAZ -15 and SPX -7.5.
Each and every DJIA component closed red while 11 components of the NAZ 100 and 14 SPX 100 components closed green.
Market internals had a net 700 red on the NYSE and 365 net red on the NAZ.
Sectors in the green included silver, gold, biotech and retail. All else red with the worst groups being gaming, oil, tech and brokers.
AAPL and GOOG closed red while GS was slightly green.
Markets look set for a bounce as the 2 day RSI on the SPX is under 6, DJIA also under 6 and under 2 on the QQQQ.
The VIX/VXO are both trading about 7%/8% above their 10 day SMA's, so no buy signals yet, but a lower open on Monday will probably give the buy signal. I also suspect some of the PM's will show on Monday to put in a little floor under the markets.