CLOSING BELL

Maria on CNBC puts up a chart of the DJIA and asks the guest how the situation in Iran and the fear of mideast terror has impacted the index today. Just wish he would have said "Maria, put up a chart of the QQQQ, IWM or the semiconductor stocks and you tell me how terror/Iran has impacted stocks today."

Sorry but it is just such nonsense from these "journalists" at CNBC day after day. And don't ask them how big caps are faring vs. the small/mid caps either as guest after guest insists its the big caps turn to shine.

Strongest sectors today included small caps, semis, gaming (despite the threats of terror), oils, oil service, metals, utilities, techs and small cap growth. The worst were DJIA stocks (6 up 24 down), homies, biotechs, airlines, reits, drugs, retail, large cap value and trannies.

Market internals improved to +150 on the NAZ and -300 on the NYSE while the major indexes showed 215/285 up to down on the SPX, 45/55 on the NDX and 35/65 on the OEX.

Key stocks, mostly lower with CME BOT MS MER MA the worst of the bunch; GOOG BIDU and AAPL - flat.

Fear, nonexistent as the VIX/VXO/VXD/RVX barely budged. Hey its a bull market.

I suspect the Semi stocks are a sell today as they rarely gather up steam for a sustainable rally; of late they have been the quintessential buy low sell high group and today is the sell high part of the equation underscored with a big Gap open.