CLOSING CHOP

A choppy day on the street as the markets essentially went nowhere but travelled far to get there. My guess is if you thought it was going down you got stopped and if you thought up was the way- you got the same result.

Strongest sectors- metals, utils, oils, reits and retail while airlines, homies, banks, internets and brokers lagged as usual.

Not surprising but big cap and the NDX lagged again- a bit unusual with about half the NDX stocks up and half down. GOOG AAPL RIMM BIDU all spit the bit and its just difficult for NAZ/NDX to move up with out those stocks.

OEX- 45 WINNERS;

NAZ- 785 net losers;

IBD 100- 60 GREEN;

RSI (2) levels- continue to hover near the 7 level on most major markets;

VIX closed green;

TRIN - .96;

Volume was heavier than normal and about even between winners and losers.

And just checking my screens, most banks/brokers lower but CME/ICE closed green.

Almost all of my metals closed higher with AAUG ABX AEM AUY GBN GOLD SSRI PAAS and FCX up 2% or more;

And after the big day on CNBC- BRK.A closes down almost 3%- maybe shareholders didn't like the news on the insurance front or didn't like that he announced again that he was for HILLARY OR OBAMA.

Tech was very ugly with the following stocks closing ugly- HHH SMH AAPL AKAM AMZN GOOG INFY KLAC RIMM and SNDK.

Hopefully, tomorrow is turnaround Tuesday and Marc Faber stays off the air.