THE CLOSE

Markets closed near the lows with the DJIA -125, NAZ -28 and the SPX -12.5.

Strong sectors gold, metals, brokers, oil service, steel and trannies while gaming, banks, retail and semis were the worst.

NYSE- 1400 net losers;

NAZ- 1200 net losers;

NDX- 10 GREEN;

OEX- 20 GREEN;

IBD- 45 GREEN;

VIX- higher by 5% and at/near the SMA 10;

TRIN-1.11 with down volume 3X up;

GOLD- $897;

CRUDE- $136+;

Hard for the markets to make headway when the internals are as punk as they were today- so a strategy of shorting the pull ups as suggested worked pretty well with several opportunities through the day.

Still looking for a next stop near 1325 on the SPX but perhaps a little bounce tomorrow before ta move down possibly early next week.

And if you are looking for a ruler stock check XTO- it has been mentioned many times on this blog for years - but more highs today.