CLOSING SIGNALS

The markets closed lower although not at their worst levels as the BIG CAPS finally showed their clout and lost less than their small/mid rivals.

The DJIA was down 26, NAZ -9 and SPX -4.4.

Best sectors included airlines, retail, banks and trannies while gaming, oil service, reits, brokers, oil, internets, semis and homies acting the worst.

NYSE internals were 700 more losers than winners and NAZ about 450 more down than up.

The OEX with about 35 winners, SPX with about 195 and NDX with about 30.

Key stocks never got bought cept for AAPL which closed up over a buck as GS GOOG MA ICE NYX BOT CME MER MS IAI all finished lower although well off their worst levels.

The rate on the 10 year bond crept higher for most of the day ending at the 4.804% level.

Jimmy Cramer with a column on why one should wait to buy; my guess, he will be telling us to buy at higher levels.

Volatility indexes, generally a pretty good tell, have moved to overbought levels and fired off buy signals with the "greater than 110% of the 10 day SMA. The 2 day RSI indicator also giving buy signals with very low readings on the SPX (4), DJIA (2) and QQQQ (10).

The 5 day SMA of the TRIN is also at an overbought level last seen around January 5, and that was a pretty good time to buy, so just maybe it is all coming together and we get turnaround Tuesday.

And how long before Maria plays herself out of her job?