The Close

Markets closed lower with the DJIA/SPX lagging the NAZ/NDX- In fact, the NDX futures flipped to green near 3 PM EST- and the trade initiated earlier paid off nicely. Just had to be quick on the trigger.

Sector strength- oils, metals, utils and biotech while airlines, homies, banks, brokers and real estate lagged.

NYSE-420 net losers;

NAZ-380 net losers;

NDX- 18 GREEN;

RSI (2) levels near 45 on major indexes;

VIX- FLAT and still under the SMA 10;

Volume light again at 1.4B with Down 2X the up;

ORCL getting sold as I type and the NQ dipping on the news.

BESPOKE- with a nice observation.

TRADERDRAKE with a trade in SRS.

Markets in no man's land in the middle of recent ranges and 50 SMA on the SPX - a hair under the close - so still sitting at recent support.

Tomorrow another day and taking it one day at a time for now-