THE CLOSE

Markets closed off the best and worst levels and their were some sellers into the close- SPX -4.6, NAZ -9 and DJIA -22- not altogether terrible in light of the jobs numbers.

Strongest sectors- gaming, airlines, Brazil, drugs and junk while ags, internets, retail and homies lagged.

NYSE-990 net losers;

NAZ- 720 net losers;

NDX- 31 GREEN;

SPX- 116 GREEN;

VIX- up a bit at 28.6 and about 12% above the SMA 10;

TRIN- 1.07 with down volume about 2x the up;

Hard for the indexes to move higher when the internals are so lousy- and they were far worse than the indexes today.

One encouraging item for the bulls is the SMA 50 holding - it is 1022 - about 3 points lower - and the RSI 2 levels way down near 5- so lots of signals lining up for a bounce- VIX RSI TECHNICALS- next week will be interesting.

MORE VOLS

Equity indexes are trading near the flat line but the internals are painting a bit of a different story as the SPX has 155 green, NDX 48 green and the NYSE with 885 net losers.

Strong sectors- gaming, airlines, metals and reits while homies, internets, retail and semis lag.

Winners- PEP S COP AAPL ALL ABT KO COST BAX FSLR WYNN VRTX ILMN WCRX BIDU GOOG;

Losers- GRMN EXPE JOYG QCOM CMCSA APOL RIMM GE XRX DOW HAL WY BA BHI COF;

VIX flat at 28.2 and about 11% above the SMA 10.

Gold up a bit at 103+.

The dollar down .3% while the EURO is flat at 1.46.

EWZ looking good and up more than 2% as most are now expecting that RIO will get the games- could be a nice boon to the Brazil markets - so you know.

RSI 2 levels - still way oversold and between 5 and 7 on major indexes except for the NDX which is all the way up to 12 on this bounce.

Probably more chop into the close and note Doug Kass was expanding his shorts into the morning strength. OK we will see.

MORE STUFF

Jobs number tomorrow morning and I suspect no matter how bad the market won't dip much more

Lately have been harping on EWA EWC EWZ and EEM - and for good reason - nine month performance of the 4 etf's and VFINX the Vanguard mutual fund for the SPX - here is how they have performed:

EWA 55.9%;

EWC 40.68%;

EWZ 90.09%;

EEM 57.02%;

VFINX 15.7%;

- and some good links to end the day:

Letterman getting his mojo back;

NBC to CMCSA not so fast;

BESPOKE on some country funds;

Chrysler - not so good;

Home sweet home;

Congrats to Adam;

More on Bill Safire;

Elizabeth getting ready to spill the beans;

AT THE LOWS

Markets closed at the lows as there was hardly a bounce all day- the good news is we have lots of buy signals-

1) VIX about 13% above the SMA 10;

2) RSI 2 levels between 6 and 8 on major indexes;

3) TRIN at 3.57;

Other interesting stats on the day:

OEX with 8 winners and NDX with 2;

Dollar bucking the recent trend and up .75%-

OK buy signals and will look to do it tomorrow assuming the employment number isn't a total disaster - vehicles of choice will be EWA EWC EWZ EEM-

DA BEARS

Markets are way down this morning on the heels of some economic news that was not as good as expected - or maybe because its October - or folks may be looking to lock in some good 2009 gains.

Anyhow, SPX -19, NAZ -50 and DJIA -140.

Sectors losing the least- gold, drugs, brokers and trannies while gaming, airlines, nat gas, metals and semis losing the most.

NYSE- 1950 net losers;

NAZ- 1500 net losers;

NDX- 0 GREEN and 100 RED;

OEX- 9 GREEN;

SPX 32 GREEN;

VIX - higher by 8% and trading about 11.5% above the SMA 10.

TRIN- 2.94- with down volume about 17x the up.

RSI 2 levels as follows:

SPX -9.

DJIA -8.

RUT -9.

NAZ -9.

NDX -10.

BKX 11.

XBD 26.

XLF 13.

EEM 19.

EWA 20.

EWC 27.

EWZ 38.

Interesting day just before tomorrow's jobs report - and curious to see if the bulls can grab back the EMA 20 on the SPX at 1047 area- For now looks like a long shot- as weak days tend to close near the lows and this is the weakest day in quite some time.

Also - note the daily support 2 numbers on the SPY near 103.75- probably another bounce area.

CARLOS

THE CLOSE

A wacky day for equities as they were up down back up and back down - all on the last day of the month /quarter.

The SPX closed -3.5, NAZ -1.5 and the DJIA -30.

Strongest sectors- crude, metals, ags, semis, tech and brokers while gaming, homies, small caps, retail and real estate lagged.

NYSE- 530 net losers;

NAZ- 800 net losers;

NDX- 50 GREEN;

SPX- 142 GREEN;

WINNERS- NKE C AMZN SLE COF CSCO AVP NVDA BRCM VRSN SYMC WCRX ISRG and AMZN;

LOSERS- STLD WYNN CMCSA AKAM BIIB BIDU RF F UNH JPM MA XRX BBNI SLB;

Gold up 15 at 1008 while the dollar fell a bit more than .5% at 76.91- EURUSD a bit higher at 1.464.

RSI 2 levels:

SPX 42

NAZ 53

DJIA 33

RUT 29

BKX 48

XBD 72

DBA 98

DBC 87

EWA 92

EWC 84

EWZ 94

EEM 86

Interesting how much better the country etf's are doing than the SPX and the US etf's- and I will look to buy more on dips -

Maybe we get some new money into equities before long- which could drive demand and prices higher- yeah I suspect we will - as I am not looking for a horrendous October.

MIDDAY MOVES

Markets hit their low near 10.15 and have been moving up pretty steadily since. The SPX -9.5, NAZ -16.5 and the DJIA -87.

Strongest sectors- crude, metals, gold, Brazil, semis and emerging markets while gaming, homies, defense, small caps and internets lag.

NYSE- 1200 net losers;

NAZ- 1100 net losers;

NDX- 25 GREEN;

SPX- 71 GREEN;

VIX- up about 3% at 25.9.

TRIN- 1.66 with down volume about 4x the up.

Equities having a bit of a problem at the VWAP on the QQQQ/SPY- looking for the rebound to continue as the PM's probably will have no qualms using some fire power today - end of month/quarter and the market is way down.

Also, interesting to see how well the EWA EWC EWZ EEM are acting today- a trade from a while ago courtesy of Gartman was long those etf's and short the SPX- they have way outperformed.

And an interesting take on why the Isrealis may now be hold - and not attack Iran.

BEFORE THE OPEN LOOK

Futures are trading higher and above fair value - but lots of news before the open - so hang on.

ES +4.5;

NQ +6.5;

YM +34;

Dollar down .65% at 76.86 while the EURUSD is higher by .005 or .38%.

Gold up about $9 at 1003.

Dr. Brett on yesterday's weakness and why it really wasn't so bad - and a help in determining range bound or trend trading.

CNBC ratings - continued problems;

FOX news - cheer leading?;

Poverty rate- hard to believe in the land of the free and the home of the brave;

CLOSING SELLS

Markets closed near the lows as selling accelerated in the final hour - after equities traded in a tight range most of the day.

SPX -2.5, NAZ-7 and DJIA -47.

NYSE- 125 net losers;

NAZ- 400 net losers;

SPX 225 GREEN;

NDX- 35 GREEN;

VIX- up 1% at 25.2;

TRIN- .88 with up and down volume about equal;

Gold and the dollar traded near the flatline.

Made snack money on an SSO trade and still holding a little as I suspect prices move back to the highs at 1080 before too long-

Just seems like any bit of good news will get the market higher and we may have a big move up on some Jobs news on Friday.

THE OPEN

Markets opened nicely higher but hit a bump at a 10.00 AM when the consumer confidence came out - and worst then expected.

SPX- FLAT, NAZ -2.5 and DJIA -5.

Strongest sectors- gaming, ags, homies and metals while internets, junk and tech lag.

NYSE- 300 net green;
NAZ- flattish internals;

SPX 275/215 green to red;

NDX- 45 GREEN;

VIX- flat;

Picked up some SSO on the confidence dip and now nicely green and I suspect we get back to the day's highs before too long.

Markets a bit over bought here but its a bull market so the long side remains the play in my opinion.

BESPOKE on the ratios;

Jeff Saut - whith his performance preassure;

The V recovery;

Obama right up there despite the right;

OVERSOLD LEVELS

Not much in Barron's this week and equities feeling a bit squishy - they just don't feel like they want to move higher - here is what some of the numbers are saying:

RSI 2 levels:

SPX -7;

DJIA -9

NAZ -5

NDX 4

RUT 7

EWC -10;

EWA -55;

EWZ -52;

IYR -11;

SMH- 24;

VIX-92;

VIX about 7% above the SMA 10- and the EMA 20 on the SPX a hair below at 1043 and was decent support on Friday.

Gold also in pullback mode with an RSI 2 of 10 and the GLD right at the EMA 20 of 97.33.

Trading should be lighter than usual on Monday for the Jewish holiday.

Some early links:

More problems for Uncle Sam;

Not such great news for job seekers;

Victoria's secrets;

More trader resources;

More good stuff from Fari;

And its just about ready to hit the shelves;