THE CLOSE

Markets ended the day near the lows with the SPX off 8.72 and the NAZ down 15.

Strongest sectors included drugs, utils, biotech and metals while real estate, shipping, banks, steel and gaming lagged.

NYSE- 1100 net losers;

NAZ-870 net losers;

NDX- 30 GREEN;

OEX- 40 GREEN;

VIX- up 4% at 38.3 and and about 3% above the SMA 10;

RSI (2) levels - smack in the middle with SPX at 50 NDX at 80 and the RUT at 41;

In the after markets- ES- 5 NQ -6 and YM -40 as at 6.30 EST.

Still looking at SPX 840 as a place for a longer term buy on SSO while day trading is going pretty well. Fari still expecting 1400 on the NDX (30 points North and also the SMA 200) not sure that is coming this week despite turn around Tuesday tomorrow.

Some links for today:

BLM back in the news as it looks like many folks will be giving back some of their distributions;

VIX + MORE with his chart of the week and those numbers aren't todays business but maybe soon;

The latest stuff on Sentiment;

And when does this end?;

Finally- Dr. Brett with a small cap take;