THE CLOSE

Another brutal day for investors ends at the lows as the all the major indexes were down about 1.6%.

Strongest sectors (but red) included gaming, brokers, banks, small cap growth and internets while real estate, oil service, drugs, integrated oils and metals acted worst.

Winning stocks- WYNN FAST CELG DISCA PETM F HET GOOG JPM CCU PG BUD MMM DECK CPLA WBD CMG CNH OPY ICE and VSEA.

Losing stocks- NTGR EDU VCLK SNDA CENX ALY DXPE WY HIG BMY MRK GM XRX ATI CAT SEPR RYAAY VRSN APOL AKAM MXIM CHIP and BEAS.

Market internals ugly again with 1,250 net losers on the NYSE and 1,350 net losers on the NAZ.

The NDX had 20 winners out of 100 while the OEX had about 15 in the green.

Volatility indexes way up again (15%) and now trading between 30% and 40% above their 10 day SMA's. Very rare for them to get this overbought and when they fall it may be far and fast causing a big bounce in equities. Yes, I know, broken record.