THE CLOSE

Markets closed the day a bit off their highest levels but strong nontheless with financials, brokers, homies, real estate and oil service leading the way. Weak links included internets, China, drugs, biotech and gaming.



Key stocks strong led by MS VMW MCD CAT GS MA BAC NYX GRMN and UA;



Market internals were strong all day led by the OEX with 75 winners and the IBD 100 with 65 closing green. Tech and biotech lagged as the NDX closed with only 65 green stocks.



NYSE 880 net green and NAZ only 360;



VIX -FLAT;



Up volume almost triple the Down volume on the NYSE;



RSI (2) levels:



SPX 90

DJIA 97

RUT 91

OEX 88

NDX 93

COMPQ 90





Technically, the markets are strong and refuse to pull back to areas of support which would be 1,490/1,500 on the SPX, near 2,105 on the NDX and DJIA levels near the 13,500/13,600 areas.



Tomorrow looks like a 25bps move lower by the fed and turnaround Tuesday (selloff) would not surprise me. And if it is I will look to be buying some futures, hopefully, near those support levels.