NUMBERS

The market sell off is accelerating as I type and anyone who thought the market would love the news of the pause and dovish language, pull up the afternoon charts of the brokers and the banks, STRAIGHT DOWN, also check GS and C.

IWM, the best market tell around, is at its worst levels of the day after being down earlier when the other major indexes were higher.

Market internals have also gone to ugly red with about 1,500 more losers than winners.

DJIA components also telling an interesting story with MRK PFE PG the best of the green and UTX CAT and BA the worst of the red. Anything interesting there as the soaps/drugs lead.

Among the sectors, GOOG and the internets remain green while homies, retailers, oils and small caps are the worst of the red.

The silver lining behind the dark cloud is the 2 day RSI on SPY/QQQQ/IWM all getting to buyable territory near 10. Volatility indexes not confirming yet as they still trade at about 5% above their 10 day SMA. I will be covering some QQQQ into the close and will trail the rest closely as tomorrow may be turnaround Wednesday.