THE CLOSE

Another day and another close at/near the lows as the rallies off the lows in the morning and afternoon seemed to have fooled lots of bulls.

Market internals never confirmed either rally and sector strength was no where to be found.

RSI (2) levels not near any buy areas with SPX/DJIA at/near the 45 level while the NAZ/NDX far worse at 25.

VIX only a tad higher despite the big sell off at 56.65.

Light volume yet again at 1.1B shares with red volume about 5X the green.

Maybe we get some support and buyers at the DJIA 9,000 area tomorrow- also a bit lower is the 50% retrace on the SPX from the recent highs.