THE CLOSE

Markets closed lower but well off their worst levels and another good final 60 minutes - the SPX -4.5, NAZ -8 and the DJIA -26.

Strongest sectors- brokers, bonds, biotech, banks and defense while gaming, energy, internets, metals and real estate lagged.

NYSE- 700 net losers;

NAZ- 650 net losers;

NDX- 40 GREEN;

SPX 165 GREEN;

TRIN- .73 with down volume a bit more than up- light volume overall.

RSI 2 levels as follows:

SPX 32

NDX 50

DJIA 39

RUT 44

A rather blah day for equities - and I was expecting far worse - as once again the dips were bought - and the markets seem to want to stay above 970 for now- a bigger sell off will come - just not sure if it comes after SPX 1000-

Big drops in commodities led by oil and gold - and a higher dollar- so another surprise that equities didn't sell off on the heels of that news-