THE CLOSE

Markets closed mixed with the NAZ higher by 1 and the SPX down 3-

Strongest sectors- metals, homies, ags, internets, retail and airlines while consumer, real estate, biotech and brokers lagged.

NYSE- 500 net losers;

NAZ- 300 net losers;

NDX- 49 GREEN;

SPX- 190 GREEN;

VIX- flat at 22.9;

TRIN- 1- down volume about 1.5x the up;

BESPOKE with an interesting chart;

More on high yield bonds;

Hussman with his warnings;

A blah day as the market churned most of the trading session- the key take from my perspective - the bears could not take it down in spite of the over bought conditions and the high red tick readings this morning and yesterday afternoon- generally if they can't bring it down it goes up.