CLOSING VOLS

Markets closed near the middle of the range as the DJIA oscillated between down 120 and near the flat line on several occasions during the afternoon trade. The DJIA ended down 60 while the NAZ was -7 and the SPX -8.

Strongest sectors included semis, trannies, retail, metals and homies while telecom, insurance, biotech, utils, banks and real estate lagged.

The key stocks were actually pretty impressive as 22 of the 40 closed green- leaders- NVDA ICE WYNN MER BIDU GE CME POT KLAC MTW NYX- laggards- UA BAC GS BG C MO INTC CELG GRMN;

NYSE- 900 net losers;

NAZ- 760 net losers;

NDX-60 WINNERS;

OEX-35 WINNERS;

IBD 100- 50 WINNERS;

VIX- down about 4.5% and trading about 10% above the 10 SMA;

Volume on the NYSE near 2.5B with down volume leading at 1.5B;

TRIN- .84

Interesting action in the OIH - SLB a major component, was crushed on the heels of underwhelming earnings/guidance, and sent OIH down about 8 at the morning lows - OIH closed near the unchanged line- and lots of oils were strong with CAM FTO HOC RIG VLO XOM XTO all nicely higher.

No clue what will happen next week, but glad to have the three day weekend.