FLAT FINISH

Markets close out the day near where they opened with small cap growth and the mid caps being the best performers on the day. The NAZ and tech were hit by the MOT warning from last night.

Strongest sectors included oils, metals, gaming, biotechs and small cap growth. The weakest groups were airlines, semis, tech, banks, homies and brokers.

Market internals closed with slightly more winners than losers while the OEX closed with 43 up and 57 down; the NDX 2/1 down to up and SPX 2/3 up to down.

Strong stocks included EMC COP WMB CVX XRX ORCL EP and SLB while weak links were NSM RTN EXC EK GD TWX TXN CSCO and MEDI.

Volatility indexes a bit higher and now trading about 15% below their respective 10 day SMA's.

The market gave a little volatility to the day trader so buying lower and selling higher worked somewhat. I expect more of the same tomorrow and maybe back down to SPX 1410 before the quarter end mark ups take us back up.