THE CLOSING BELL

A less than fascinating day in the markets as the major indexes chopped around and finally closed slightly in the green.

Market internals flattish on the NYSE and a bit better on the NAZ with 500 more winners than losers.

NDX- 75 GREEN;

OEX-58 GREEN;

IBD- 27 GREEN;

IBD 20- 1 GREEN- IBM with 19 red as the list is dominated by big cap energy- the biggest losers- HES NUE CSX WFT NOV NXY CNQ ECA SWN;

VIX- down 2.7% and trading at 18.08 -2% above the SMA 10;

TRIN- .99- Up volume a hair more than down and light;

GOLD- $920;

CRUDE- $130.55;

RSI (2) levels:

SPX 25

DJIA 21

NAZ 36

NDX 26

RUT 48

MID 27

Like I said this morning- not expecting much in the way of movement and that proved to be a pretty good guess.

The SMA 200 and 50% retracement on the NDX/QQQQ has held for now but I expect pretty much dead cat type action going forward which will probably be shorted unless oil can get some jig to the downside.

I am out tomorrow so the fun will start up again on Tuesday for this fish.