THE CLOSE

Markets close near the lows as it was in the red all day. The DJIA -112, NAZ -22 and SPX -12.

Strongest sectors- metals, oils and biotech while airlines, homies, banks, gaming and retail led lower.

About 2 losers for each gainer on the NYSE and NAZ while the NDX/OEX duo showed 4 down for each 1 up.

WINNERS- AAPL HAL VZ T EP SLB BUD ATI COP WMB LEAP GILD VMED DISH FMCN STLD LBTYA GENZ;

LOSERS- HANS MNST BRCM MRVL AMZN SNDK LOGI APOL S RF LEH WB MER CSC HIG BAC HD WFC MS C;

VIX - up almost 4% and digging its way out of oversold territory;

TRIN 1.21;

Down Volume 3X Up Volume on light overall numbers again with barely 1.4 B shares traded- so much for the "markets going down on heavier volume" yapping;

After dropping 4% today, VLO announced a $3B share buy back- so I guess things not so horrible there;

SPX closed right at recent support/resistance of 1,367 and a break lower from here could send us back to the 1,325 levels. I suspect this dip will be bought and we may hover under the 1,380 level for the next few days.