THE CLOSE

Markets closed the day mixed with the DJIA closing +41, NAZ -13 and SPX +1.

Strongest sectors oils, internets, utils, metals and telecom while gaming, ags, brokers and homies lagged.

NYSE- 230 net losers;

NAZ- 525 net losers;

NDX- 30 GREEN;

OEX- 55 GREEN;

IBD -50 GREEN;

VIX- higher by 4% at 17.12;

Up volume flat with down with overall light volume;

TRIN- .87;

Markets still over bought even with the big PM sell off and not ready to buy as I think there is a bit more downside here.

Both the SPX and the DJIA climbed above their respective SMA 200 and closed at/near them despite the sell off. The NAZ also closed right at the SMA 200- how now- I suspect not much in either direction for a while but eventually we resolve to the upside.