THE CLOSE

Markets sold off a bit in the afternoon but closed about 40 points off the best DJIA levels of the day. The SPX - reached a high near 1396 and closed at about 1390 - I expected a better close but its Friday so not shocking as some folks probably wanted to flatten out their positions.

Strongest sectors- oil service, internets, ags, tech and brokers while metals and real estate lagged.

NYSE- 1725 net winners;

NAZ- 1280 net winners;

NDX -90 WINNERS;

OEX- 83 WINNERS;

Markets have closed above the old resistance levels of 1380 on the SPX and next week should be interesting.

GS closed at 180 and that has also been a tough area for the bulls- My guess is higher prices next week unless of course earnings numbers spit the bit.