GREEN CLOSE

Turnaround Friday as the DJIA hit the lows at/near 11 est- and headed straight up gaining about 180 from the lows- SPX also saw lows at/near 1217 and moving up 25 points to close at 1242.

Strong sectors included banks, insurers, brokers, ags and semis while utils, shipping, trannies and telecom lagged.

NYSE- flat internals;

NAZ- 220 net losers;

NDX- 50 GREEN;

OEX- 55 GREEN;

VIX- down by almost 4% at near 23.15;

Up volume 1.5X the down with 1.2B total;

Pretty good day trading activity yesterday and today - as best I can remember- and next week- well will for Monday to figure out where we may from here.