RUDE CRUDE

Markets are lower this morning on no real news so maybe all those overbought readings are finally kicking in and traders are finally selling the rally.

Market internals very bearish with net 1,700 losers on the NYSE/NAZ and about 5/1 losers to winners on the major indexes.

The strongest sector is the metals with the oil patch stocks also green as the inventory number is about to print. Weak groups include biotech, homies, real estate, semis, gaming, internets, small cap value and defense/aerospace.

Winners include ACH CUTR UCTT RIO PCU SSRI AA GE CMCSA EP KFT DELL TLAB and AKAM.

Losers- CKFR AMLN VRTX CTSH MICC EXPE EXPD F DOW MS VZ GD CAT and HON.

Volatility indexes spiking about 5% as the VIX/VXO shoot up to the bar mitzvah levels.

Crude spiking on bullish crude numbers and no doubt this will also be bullish for stocks.