THE CLOSE

Markets closed near the highs as some sellers tried to shake out the bulls about 3o minutes before the close - but as usual to no avail.

The SPX closed flat, NAZ +1.6 and the DJIA +32.

Strong sectors- materials, semis, homies, metals and tech while real estate, banks, brokers and drugs lagged.

NYSE- flat inernals;

NAZ- 450 net losers;

SPX 203 GREEN;

NDX 53 GREEN;

VIX- lower by 4% at 24.34 and about 12% below the SMA 10;

TRIN- 1.32 with down volume a bit more than up on 1.3b shares.

Looking for lower prices next week as we are way over bought and due for a decent pull back- RSI 2 levels as follows:

SPX 96

DJIA 99

RUT 77

NAZ 99

NDX 99

Those levels on the NAZ/NDX are pretty unsustainable and a short for next week is probably ALMOST a sure bet-

ZERO HEDGE on GS;

The real issue at CNBC Bartiromo V Burnett;

An interesting case for Natty gas;