CLOSING MARKETS

Markets end the day lower but well off their lows as the typical CNBC guest who generally predicts "big caps will outperform this year" finally has a winning day as the big guys close down about .6% while the small cap IWM closes red 1.75%. Congratulations. And how about the other dynamic prediction today from someone who said he sees colder weather toward the back end of January. Great stuff as I see warmer weather towards July and August.

Sector winners today included oils and natty gas while just about everything else besides GOOG and GS were losers.

Buy signlals appeared on the major indexes and I dipped in as I suspect the tech rotation returns on Monday. The VIX/VXO combo were both up but closed well off the highs. Buy signals there also as the 110% of 10 day SMA was hit.

Market internals came back a bit to close with about 3k more losers than winners.

NDX closed with 30 up / 70 down, OEX had 20 up/ 80 down while the SPX had about 110 up / 390 down.