CLOSING NUMBERS

Another day and another big move in the markets as the DJIA added 215, the NAZ 40 and the SPX 21.

Sector strength in emerging markets, brokers, internets, insurance, banks and insurance while oils and metals lagged.

NYSE/NAZ internals net 1,500 in the green which paled compared to yesterdays downside numbers of 3200 net red;

NDX-90 GREEN;

OEX-85 GREEN;

IBD 100-70 GREEN;

WINNERS- HDB GRMN CNH AMZN EDU BIDU ATVI SPLS APOL LVLT GILD RF JPM EMC LEH AIG BAX MS INTC DELL EK;

LOSERS- NXY WMB HAL BHI SLB S HD COP EP COF BIDZ BCSI IRIS CMED KWK NOV TDG ARD ATLS S RYAAY PTEN CDNS CTXS DISH;

VIX lost about 9% and down to 26.3 and at the 10 day SMA;

Up Volume about 3X Down Volume; todays volume also higher than yesterday- hmmmm.

Technically, it was important that the SPX held on to the 1,420 level and the next area worth watching is 1,440/1,450. I suspect lots of folks will sell the 1,450 area as it was prior support.

On the NDX, we are again above the 50% retracement level of 2,025 with the next target near 2,060.

DJIA next level to watch near 13,000 and then 13,200 level.

Support back at yesterday's lows on all the major indexes and if we break those levels, I suspect then 1,370 SPX and 12,500 on the DJIA is next stop. Hopefully we have seen the short term bottom.