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Shockingly the gaps fill and the internals quickly flip to the red and the upside sectors shrink to metals oils and internets. Semi's continue to lead the downsliders along with airlines homies and bios.

There are not many encouraging signs in the markets as I read them. The Volatility indexes are basically treading water at "equilibrium" levels and a daily moving average of the internals also shows no sign of a buy signal.

Dick Arms has a column on realmoney.com this morning and he also is not finding anything encouraging and is suggesting selling longs and putting out shorts.