DA BEARS

The bears are getting some respect on the street as the DJIA is lower by 105, NAZ -24 and SPX lower by 9.

Strongest sectors include silver, banks, biotech, oils, and gaming while airlines, GOOG, AAPL, tech, semis, software, trannies, internets and small caps.

Interesting individual stuff as MS is up more than 1% while GS and MER are flattish and some of the Banks including JPM BAC and C are green.

OEX internals haven't budged at the 30 up 70 down reading while the NDX remains with 15 up and 85 down. The SPX also hasn't budged from the first hour with 125 up and 375 down.

I have covered some more shorts here as turnaround Tuesday would not surprise me.

Biggest large cap winners include AMGN APOL GM RHI ISRG INFY while losers include ETN MOT NAV XMSR ATVI DELL AAPL BA and CAT.

The DJIA is acting pretty ugly and the 2 day RSI is probably at a buyable 4 while the NDX, which has slipped under its 50 day SMA is at reading of 7.