THE CLOSE

Stocks closed higher but flat lined after the late morning ramp. The various caps were all up about the same percentage but growth beat out value.

Strongest sectors included oils, airlines, trannies, metals, semis, tech and biotech. Lower were reits, real estate, gaming, drugs and banks.

Big winners- EK GM SLB ATVI INFY AKAM JOYG CLRK ACH SYNL BID CNH BTJ ICE ARGN PTNR HURN NOV and MTOX.

Big losers- GOOG GS CSC ADSK WYNN ESI DXPE ARO FTK SPSS TBSI GSOL AFSI and BWLD.

Market internals were strong all day and closed with 950 net green on the NYSE and 540 net green on the NAZ.

The NDX/OEX both closed with 7 up to every 3 down.

Volatility indexes, way lower as the VIX -7% and VXO -10%; both about 5% beneath their respective 10 day SMA's and in a sell zone.

Major indexes also in sell zones (trailing stops) with 2 day RSI readings at/near 80.

High 2 day RSI readings include:

LEH 98

BOT 96

INTC 98

XLE/OIH 88

APC 96

FTO 96

FCX 98

AMGN 95