TECHNICALS VIX/SPX

Well I didn't exactly hit it out of the park today but well we will see from here. The bad news is the RUT/MID got crushed with both those being the worst of the major indexes (RUT -1.85% and MID -1.45%). The DJIA was the best performer down only .45%.

All sectors were weak with the silvers, homies, small caps, real estate, metals, reits, trannies and biotechs being the worst.

Market internals were weak all day and really dipped in the early afternoon. The NYSE was red by 1,500 and the NAZ was red 1,265.

The internals on the NDX were awful with 1 up to every 10 down while the OEX was about 1 up to 5 down.

Key stocks were generally all lower with the worst being GS CME BSC MS MA GOOG RIMM BIDU OIH MGM LVS CTSH and TXT.

The good news, the Volatility indexes soared and the VIX/VXO combo now trade at/near the magic 10% above the 10 day SMA level. So if the markets dip again tomorrow, it may be time to reload on the major indexes.