CHECK THE CHART

Here we go again with the DJIA down 83, SP down 10.5 and NAZ down 41 which eliminated the gain from yesterday and puts the index back down near the 52 week low.

The chart above is not looking pretty as the lower highs come back into play and the 50 day SMA under the 200 day SMA becomes crystal clear.

In the after markets, AMGN is up 2% and GOOG is hovering between - 15 and -25 near the $380 level as it appears we will have to wait a bit longer for GOOG to hit Jimmy's $600 price target.

Be aware that the only sector to the upside was the DRG which is screaming something at us, my guess, a substantial slow down as the oil patch continues to act poorly in light of what appears to be robust crude prices.