AFTERNOON LOOK

Markets drifting around this afternoon after a morning rip in the NAZ/tech sector thanks to Johnny sunshine.

Seems like there are some structural problems as the NAZ internals show only 300 more winners than losers and that is not a number that tech bulls are going to like when the NAZ is up 21 points.

Banks, Brokers and small caps acting doggy, and when all those "tells" line up, its hard for the markets to run the other way. Shorting strength looks like the ticket for now.

GOOG AAPL and internets also acting poorly so keep a tight leash on tech winners.


I shorted QQQQ near the 37.2 mark and will be watching closely, but if they dip down near the close, I will hold em overnight.