THE CLOSE

Markets end the day near the flat line on the DJIA and lower on the NAZ and lots lower on the RUT.

Strong sectors on the low volume day included oil service, drugs, large caps and biotech while airlines, small caps, trannies and retail lagged.

Market internals FLAT on the NYSE and red 625 on the NAZ.

OEX - INTERNAL FLAT;

WINNERS- LTD CSC HPQ HAL MDT CMCSA SLB BHI AMGN IBM;

LOSERS- NSC ATI TGT HD EMC PEP WMT BA BNI DIS ROK AES;

NDX 30 GREEN 70 RED;

WINNERS- JOYG MRVL EXPE ATVI DISH ERTS CMCSA SEPR QCOM AMGN;

LOSERS- FAST DISCA AKAM INTU SNDK FLEX MICC ADSK ISRG PCAR LRCX ROST;

IBD 100- 37 UP 63 DOWN;

WINNERS- GME WNR KCI NOV DRC DK FSTR SII ATW PCLN;

LOSERS- ARGN MR LKQX BTJ CPLA CEDC ZUMZ AFSI SF UA;

Volatility indexes near the unchanged line and over sold;

A consolidation day on the street and I think it is a good thing for the markets to digest some some of the recent gains. Surprising strength in the oil service sector as just maybe an old leader is gonna retake the baton and lead the market higher. OIH CAM CNQ FTO HOC RIG SLB VLO all good.

Still looking to buy stocks on pull backs and tomorrow may be a good day as next week could be pretty bullish- Surprise rate cut? Also, lets see if we can get past the current resistance at the 200 day SMA and the 50% retracement on the SPX.