THE CLOSE

Quite the day for equities as the markets opened lower and drifted down all day with hardly a bounce anywhere a long the way.

SPX -31.6, NAZ -68.6 and the DJIA -265.

Strongest of the sectors bonds, retail, metals, consumers and reits while gaming, banks, trannies, semis and small caps lagged.

NYSE- 400/2580;

NAZ - 303/2269;

SPX 20/450;

NDX 6/90;

RUT 75/1675;

RSI 2 levels on Major indexes at/near 5- pretty much as low as they go unless you want to talk 2008/2009;

VIX - up 13% at 25.4 and about 11% above the SMA 10;

Gold down 5 at $1,200.

Oil - down 2.7 at 77.5;

TEN year Note- 2.685 % - and way over bought down here;

The SPX closed a hair above the SMA 50 - and unless something comes to the rescue tomorrow it could get ugly early- although thinking here we could dip down in the morning and the rally - waiting for tomorrow to decide on that strategy-

I did dip in and buy some MMP today - and will look to add nice growth nice dividend -