THE CLOSE

The bell sounds and the markets are lower yet again with the DJIA -175, NAZ -36 and the SPX -19.

Strong sectors- metals and utils while gaming, homies, banks, brokers and internets lagged.

NYSE- 1500 net losers;

NAZ- 1100 net losers;

NDX- 15 GREEN;

OEX- 5 GREEN;

VIX- higher by 7.5% at 21;

Total volume under 1B with 5/1 down to up;

All the financials closed lower as did every one of the DJIA 30- and markets getting over sold yet again with the 1280 trend line on the SPX almost holding-

Could be turnaround Tuesday tomorrow -but I am in show me mode as I still expect SPX 1255 -maybe before the end of the week- and that would get me to cover my shorts.