The Close

Markets closed mixed with the DJIA +3, NAZ -6 and SPX +2.

Strongest sectors- brokers, china, emerging markets, airlines and ags while gaming, internets, retail, tech and real estate lagged.

NYSE- 350 net winners;

NAZ- 80 net losers;

NDX -35 WINNERS;

OEX-55 WINNERS;

IBD-65 WINNERS;

VIX- flat;

Up volume about 1.5X Down;

GOLD 925;

CRUDE 109;

EURO -1.57;

Markets sold off this afternoon supposedly on the heels of the lousy guidance from ACI- I don't think so- Seems that markets were very over bought with extreme reading on RSI (2) and lots of resistance at 1380/12,700- so traders sold into the morning gap/ramp.

Support looks pretty good at 1360- so may be a nice place to reload.