THE CLOSE

General rule- markets that are weak all day tend to close at/near their lows- good advice- especially during a prolonged down trending market. The DJIA closed -180, NAZ -41 and SPX -19.

Strongest sectors- MOO, gld, oils, insurance and internets while airlines, retail, homies, semis, banks and small caps lagged.

Key stocks- 4 out of 40 higher - best- BIDU XOM POT NYX - worst- NVDA DECK UA INTC ICE KLAC WYNN MTW MER SMH AMZN ISRG;

NYSE- 1,740 net losers;

NAZ- 1,300 net losers;

NDX- 15 WINNERS;

OEX-10 WINNERS;

IBD - 25 WINNERS;

VIX- 25.3 and up about 2% and still way under the 10 SMA;

TRIN- 1.19

Down volume 4X Up volume; Total volume ultra ultra lite and not quite 1.3B shares;

60 NH and 110 NL between NYSE and NAZ;

Banks and brokers ugly yet again and MBI/ABK up 9/14% respectively;

Technically, SPX didn't hold and next level near 1,340. And of course Jimmy Cramer yesterday with his can't miss indicators.

RSI (2) levels which flashed a big sell yesterday with all major indexes above 90 now as follows:

SPX 41

DJIA 42

NAZ 42

NDX 39

RUT 39

MID 34