CLOSING BELL

Markets closed the day mixed with the SPX/DJIA group red and the RUT/MID group slightly green. Speaking of the midcaps and the smallcaps, they both hit new all time highs today. But don't forget, big caps are cheap.

Strongest sectors today included metals, oils, biotech, tech, utilities, small cap growth, internets and retail. The losers, the aforementioned big caps, homies semis, airlines, brokers, trannies, banks and drugs.

GS GOOG AAPL ICE NYX all higher while BOT CME MER MS IAI KLAC lower.

Market internals improved through the day and closed with a net of 125 losers at the NYSE and 50 losers at the NAZ.

The NDX was split between winners and losers while the SPX had slightly more losers. The OEX
was a bit more skewed to the losing side. The DJIA was lackluster with 8 winners and 21 losers.

Best on the DJIA were AA XOM T HPQ and GM while C BA GE MO MCD and AIG were the worst.

Best stocks included EMC AVP WMB AES CVX IP JNPR AKAM EXPD GRMN and APOL while LVLT MXIM ATVI CMVT EK PEP LEH and NSC were the worst.

Volatility indexes came back near the flat line after rising 5% earlier in the day. Seems like old times as every little dip gets bought and folks who are waiting or calling for a decent sized correction continue to wait.

And why did oil flip green to near the $60 line? Not sure, but if it breaks on through, the next stop in my opinion is $65 and back to the $150 level on the OIH.

Two long time favorites on this blog have been SSRI and MGM, both at/near 52 week highs again.