CHOP AND SLOP

Markets closed the week with a whimper as the SPX finished down 1.4, NA Z-3 and the DJIA -22.

Strongest sectors- gaming, trannies, metals, oil service and bonds while semis, retail, ags, banks and brokers lagged.

NYSE- flat internals;

NAZ- 500 net losers;

NDX- 46 GREEN;

SPX- 225 GREEN;

VIX- up a hair at 24.1 and 7% below the SMA 10.

TRIN- 1.25 with down volume a bit ahead of up.

A major snoozefest today and a market maybe starting to digest recent gains- still way over bought with RSI 2 levels near 85 on most major indexes- down almost 15 from yesterday- wouldn't surprise me to see the futures way up on Monday morning - we will see.

Happy birthday Maria and congrats to Annie for continuing to fight.