The Wrap

Not much to say except an ugly day with the DJIA closing -255, NAZ -61 and the SPX -28. The RUT was worse at -2.7% while the MID's were better than both the SPX and the DJIA closing down 1.8%.

Strongest sectors- utils, real estate and ags while airlines, semis, tech and brokers were the worst of the bunch.

NYSE/NAZ - 3600 net losers;

NDX /OEX- 15 out of 200 closing green;

It was adios to the 50 SMA on the SPX which was at/near the 1340 area and the next area of support is the 1315 level. Hopefully the masters on Sunday has a better finish to it than today's markets.