THE CLOSE

My opening post I opined that the shorts may win today - well markets closed lower after being higher for most of the day with the SPX hitting a lofty level near 774- also the 50% retrace - between 875 and 666- FWIW-

Strong sectors- trannies, utils, oil service and shipping- laggards- real estate, gaming, semis, brokers and homies.

NYSE- 470 - net winners;

NAZ - 310 - net winners;

NDX- 20 GREEN;

OEX- 50 GREEN;

VIX- higher by by 3.25% at 43.75;

TRIN- 1 up volume about even with down and volume fair overall at 1.8 billion shs;

Markets finally sold off on the over bought levels RSI levels near 97- so not that shocked that market put in the inter day reversal- probably not a good omen for tomorrow as I suspect the market continues the sell off- End of day positions DUG SRS-