U.S. stocks finished lower on Friday after a Republican plan to avoid the "fiscal cliff" failed to gain sufficient support on Thursday night, draining hopes that a deal would be reached before 2013.

Still, stocks managed to rebound from the day's lows near the end of the session, and for the week, the three major U.S. stock indexes still ended higher, with the S&P 500 gaining 1.2 percent.

Trading was volatile because of waning confidence in the prospect of a deal out of Washington, and in part, as the result of the quarterly expiration of options and futures contracts. The CBOE Volatility Index or VIX, the market's favorite barometer of investor anxiety, finished below its session high.

The Dow Jones industrial average dropped 120.88 points, or 0.91 percent, to 13,190.84 at the close. The Standard & Poor's 500 Index fell 13.54 points, or 0.94 percent, to 1,430.15. The Nasdaq Composite Index lost 29.38 points, or 0.96 percent, to 3,021.01. (commentary & photo courtesy of Reuters)

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Three RSI positions hit their stops this week. They were GAZ, SLV, and BOND. This leaves only three holdings remaining KOL, MCHI and PGX. They are holding their own except for MCHI which has an outstanding upward trajectory.

With the market and political uncertainty, it is of little wonder that RSI has no new recommendations.

So we have two more weeks of thin markets with more worry thrown in to boot. I’ll catch you next weekend.