CLOSING NUMBERS

In one of the more boring days this month, the Markets closed mixed with the DJIA +9, NAZ-2 and SPX +1. Note how the folks who bought the gap in futures on Friday and stocks this morning on the good jobs news got faded

Strong sectors included gaming, trannies, airlines, utilities, retail and real estate while biotechs, tech, semis, internets and financials were weak.

Key stocks were mixed with GS MER LEH JPM BAM MGM CNI green while GOOG AAPL YHOO SNDK CME NYX ICE and BOT were all red.

Market internals closed red with a net 480 red between NYSE and NAZ while the internals on the big cap indexes were also mixed with OEX 65/35 green to red and the NDX 45/55 green to red.

Volatility indexes were also mixed as the VIX/VXO combo now trades about 5% below their respective 10 day SMA's.

The big winners on the day were the railroad stocks as Warren Buffet announced a 10% position in BNI. Not sure why he thinks railroad stocks are undervalued but remember he also held KO and G (Gillette) through the bubble years of the late 90's when KO traded at double the current price. So not sure how much anyone is going to profit buying the rails this weekas they will no doubt trade lower soon enough just like AXP JNJ and the rest of his holdings.