THE CLOSE

Not much today as I was out most of the afternoon with personal stuff- anyhow the SPX closed up 7 cents the DJIA -.33 cents and the NAZ was the worst of all down 20.

Strong sectors included oils, ags, steel, drugs, utils and metals while financials, insurance, gaming and brokers lagged as usual.

NYSE- 1060 net losers;

NAZ- 1175 net losers;

NDX- 30 GREEN;

OEX- 45 GREEN;

IBD- 70 GREEN;

VIX- flattish 22.6;

TRIN- .88 down volume almost 2x up and very light volume overall;

Seems like energy/ags the only space to be long for now - while the VIX continues to flat line causing many traders to question a big rally from these levels.