CLOSING LOWS

Not a pretty day as the markets close at/near the lows with the RUT/MID complex being the worst while the NDX was the best of the major indexes.

Market internals were crummy all day and closed with over 4,000 net losers on the NYSE/NAZ.

The OEX/NDX internals were also pretty bleak with about 25 gainers out of the 200 issues.

IBD 100- 15 WINNERS- as recent winners in the metals and material complex were drilled again.

Technically, the NDX held near the 50% retracement line at 2,021 while the SPX fell to weekly S1 at 1,433.

DJIA weekly support at 12,980 also now in the rear view mirror.

I am still holding on Long to the trade mentioned earlier this morning and it appears like I have some good company (RM sub).

There also may be an interesting trade in GS setting up as it is at its 50 day SMA.