BULLISH

Markets close mainly red with the sole exception, the DJIA which closed up 25.

The "tech heavy nazdaq" and the RUT were the worst performers as GOOG AKAM YHOO and RIMM lagged.

Strongest sectors included oils, utilities, biotechs and drugs. On the bottom were silvers, metals, gaming, brokers, internets, trannies, small caps and real estate.

Market internals - ugly as the NYSE and the NAZ each had about 1,000 more losers than winners.

The OEX closed about 2:3 up to downs while the NDX was about 1:3 green to red.

The IBD 100 also with 40 up and 60 down led by RRST SYNL ACH TWIN IGLD SNHY and MTOX- lower were TNH TTEC OYOG PCU BWLD PRFT LFL and BLUD.

The VIX/VXO both up to 14 (+9%) and trading solidly above the 10 day SMA's and getting close to buy signals.

Market commentary- Call me Cramer, but IMVHO dips are for buying until proven otherwise, so if we get a further dip tomorrow I will be buying as I still expect a test of the old SPX closing high near 1,527.