THE CLOSE

Markets didn't cooperate with my trading plan and I never entered a trade as one of my key tells of late was crummy all day - AUD/JPY currency trade. Usually it goes in the direction of the equity markets and today it never confirmed an upward bias. In addition, the internals on the OEX were very red all day so probably a good day to sit out.

Strong sectors- oil service, metals and utils while China, airlines, gaming biotech and brokers lagged.

IBD 100-60 WINNERS and the best of the groups I track for leadership- of course metals and energy led the way and those equities dominate the IBD 100.

VIX -closing up about 3.5% and still well below the 10 day SMA;

Up volume- about half the Down Volume on a light day of under 1.3B traded on the NYSE;

RSI (2) not giving any signals yet as most indexes are in the middle of their short term trading ranges:

SPX 55

DJIA 58

OEX 50

NDX 30

COMPQ 33

RUT 34

Technically, SPX closed a hair under recent support at the 50% retracement while the NDX closed at the weekly Pivot at/near 2,067.

So like most days, tomorrow will be important and turnaround Tuesday would not be surprising.