THE CLOSE

Markets sold down in the final 90 minutes of the day but still closed +76 on the DJIA, +26 on the NAZ and +10 on the SPX. The RUT /MID were the best performing major indexes.

So why the sell off? No news just a suspicion that the 1,500 number on the SPX was sold as we reached 1,499 and change.

Strong sectors were gaming, silvers, real estate, emerging markets, airlines, small cap growth, metals and defense. Laggards included big biotech, GOOG, drugs and utilities.

Market internals closed strong with 1,650 net green on the NYSE and 1,120 net green on the NAZ.

The NDX/OEX/SPX had better than 4/1 green to red.

Strong stocks included S VZ GM DD CSCO ATI TWX FLA BAM DEL MA AIB LM ICE BOT ISE MGM WYNN and LVS. Weak links included CSC XRX DELL IBM WFC TGT PG CTSH GRMN NVDA BEAS LOGI DELL and BIIB.

Volatility indexes hardly budged on the rally and continue to trade at/near their 10 day SMA's while the 2 day RSI's on the major indexes generally trade between 80 and 90.