AFTERNOON SALE

So far no sign of any exit poll data but the markets again look like they have hit a wall at the DJIA 12,200/SPX 1,390 levels.

The brokers gave the first sign of weakness as they failed to confirm the rally by underperforming the major indexes. Of course its still only 2:00 PM EST, so the markets could still turn and rip higher in the final two hours, but I don't think so. I dumped 1/2 of my YM Futures at the 12,220 level (luck), and will not let the rest fall much further.

Market internals have been weakening for most of the day with a current showing of +1,250 after being +2,000 earlier.

Sectors doing the best include SOX, airlines, biotechs, software, drugs and retail. Oils, GOOG, and some brokers remain weak.

The DJIA still has 25 components higher and 5 lower with BA HON PFE PG and DIS leading with MO XOME GM VZ and JPM trailing.

The TRIN is a bearish 1.14 and up to down volume 625/435 is fairly tight in light of a +70 day on the DJIA.