AFTERNOON LOOK

Back to the turrets after taking care of the bird yesterday and this morning.

The screens are pretty dull as I type with Oils moving higher on the heels of crashing crude prices. I have no clue as to why and have pinged some pretty shrewd traders and the response is consistent to my question- No Idea?

Sectors acting well today include- OILS, trannies, brokers, banks, airlines and retail; losers include biotechs, internets, drugs, semis and tech.

Market internals are flat one reason for the about turn in the SPX is the monthly resistance level of 1,354. Markets hit that and seemed to have run into brick wall.

And breaking news- Torre is back as Yankee manager and I for one say bad move. He has now lost ten of his last twelve playoff games and in baseball and trading parlance, that is statistically significant.