THE USUAL CLOSE
Markets closed near the lows yet again as a late date push fizzled out - the SPX -7 and the NAZ 25.
Strongest sectors- banks, real estate and energy while biotech, telecom, metals, and utils lagged.
NYSE/NAZ 2500 net losers;
NDX - 15 GREEN;
OEX - 30 GREEN;
VIX- flat at 49.7;
Crude- holding up the energy stocks with a gain of $1.63 at $47.15;
Another awful day for equities as this market never seems to let any one sell on an up day - rare to find one-
RSI (2) levels under 15 on most indexes;
I guess Doug kass now officially wrong as the market didn't bottom three days from last Monday- tough to be the accurate - but why try?
Tomorrow the bulls can root for turnaround Tuesday - and Cramer - picking stocks for when the DJIA hits the 5,300 level- thanks.
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