CLOSING THOUGHTS

Besides the DJIA, markets closed mixed - the DJIA, with the shrewd price weighting of their index- JNJ KO HD CAT and MCD responsible for most of the DJIA gains.

Strongest sectors today included real estate, homies, utilities, retail, biotechs and large cap growth; lower were metals, oils, brokers, small/midcaps, trannies and gaming.

Key stocks were mixed with JPM MA MER NYX ICE BOT all green and GOOG AAPL SMH RIMM KLAC GE MGM and GILD all red.

Market internals turned red in the afternoon as I suspected and the markets feel like they will trade lower for the balance of the week unless some great earnings/takeover news gets it going.

Oils traded heavy today and I expect they will also have a downside trade for a while and then back to leading the market. I added some DVN and will look to add more refiners on any further move lower (VLO TSO FTO).

Oh, and some stocks/etf's one may want to consider on a pullback - FCE.A JOE BAM FLA RWX EWA SSRI VLO SWN FTO TSO DVN PVH TIF MGM IAI AH and TXT.