THE CLOSE

Markets closed at the lows and should have stuck with that thought instead of the gut - well now I know for next time.

NYSE/NAZ almost 5k net losers;

NDX - 1 GREEN;

OEX- 3 GREEN;

VIX- higher by 13.5% at 52.65 and almost 10% above the SMA 10;

RSI (2) level on SPX /NDX near 5;

One fun stat- SPX about 17% below the 50 SMA - not sure I have seen that level before and wouldn't be surprised when the gap is bigger- anyhow, tomorrow another day and we will say what the bulls have at SPX 700.