THE CLOSE

The boring range bound day comes to an end with the DJIA closing -16, NAZ -5 and SPX FLAT. The SPX did hit 1479.5 earlier before getting rejected at the pivot resistance and near the 50 day SMA. The best performing major market index was large cap value followed by the OEX and the NAZ with the RUT being the worst of the bunch.

Stong sectors included gaming, biotech, oils, drugs, utils and internets while airlines, semis, trannies and silvers lagged.

NYSE internals -425;

NAZ internals -570;

OEX - 60 WINNERS- NXY CI LEH AMGN EK HAL BDK TGT COP COF TWX;

LOSERS- CBS HPQ ATI NSM TXN XRX CAT AA CSCO IBM WFC;

NDX- 38 WINNERS- XMSR SIRI WYNN AGMN RIMM INTU ERIC JNPR SYMC CTSH LBTYA; LOSERS- LRCX SNDK NVDA APOL UAUA VMED KLAC LVLT NTAP EXPD AMAT;

VIX unchanged and Down Volume slightly better than UP Volume;

Not much of a trading day as the markets hung in through a tight range. Of interest:

biotechs- AMGN CELG DNA GENZ GILD all higher- BIIB red;

gaming- WYNN +4.3% LVS +7.5%;

oils- $80 crude led to large gains in APA CNQ COP DVN FTO HAL HP NBR NXY PXD PWE SU TSO XEC XOM XTO- DO NFX RIG SLB VLO red;

tech - mixed with AAPL AMZN CTSH EBAY GOOG INFY RIMM higher and SMH AKAM AMAT BRCM CSCO HPQ IBM KLAC NVDA SNDK TXN YHOO all red;