THE CLOSE

Markets closed at the lows with the SPX -24 at/near 980 and the NAZ down 55 and was the biggest loser.

Strongest sectors included bonds, drugs and tech while gaming, reits, metals and banks lagged.

NYSE- 2400 net losers;

NAZ- 1800 net losers;

NDX- 3 GREEN;

SPX- 29 GREEN;

VIX- up 15% at/near 28;

TRIN- 1.64 with down volume about 15x the up.

Markets are now over sold short term and all are certainly curious to see what the bulls do from here- my guess they buy them as tomorrow is TTuesday- RSI 2 levels also over sold at 10 on the SPX.

Tony Dwyer - an analysis who has been watched for many years - had an interesting take a few moments ago- if the sell off is going to get ugly bonds and dollar would have done a heck of a lot better - and as I tweeted - the dollar hits its high before the open this morning.