CLOSING NUMBERS

Markets closed down and near the worst levels of the day - SPX -17 and NAZ -27.5.

Strong areas- oil service, shipping, semis and ags while real estate, fins, homies and small caps lagged.

NYSE- 1200 net losers;

NAZ- 950 net losers;

NDX- 23 GREEN;

OEX- 15 GREEN;

VIX- flat at 37.7;

Ugly financials as GS MS both gave up much of their recent gains- GS down about $15 and 11% at $115 and MS down $3 and 11.45%;

SPX held the 840 line and the next areas of support are at 825 and 815-

INTC - misses barely on the top line and beats on the bottom by a few cents and is trading down about 60 cents as I type.

I am not expecting a big pullback and a move to 815 would probably be welcome as lots of under invested folks would love to get in at lower prices. SRS on the radar as that was one area that GS continues to say is weak.