QUICK SNAPS

Markets are trying an about face as SMH turns green on the heels of the AAPL battery recall (lol). Truth be told, I have no clue why the markets may be turning, but all that matters is whats on the screens.

Internals have rebounded to 400 red from the earlier 1,200 and sectors showing green include semis, nattie gas, oils and drugs; brokers airlines and retailers still solidly red and a rebound without the brokers/GS is probably not going to hold and those charts say no unless its a complete 180.

The IWM, pictured above looks interesting as a long from lower prices or a short higher as it seems to be held in tightly by 67 on the bottom and the 90 day SMA (71) on the top.