MORNING DRIP

Markets opened higher but have since sold off on the heels of higher interest rates.

Sectors acting best include retail, airlines, internets, trannies, defense and brokers; worst performers include gaming, silvers, metals, reits, banks and biotechs.

Big winners include MS LM NYX MA GE AKAM HD DRYS DXPE FCSX FTK DWSN FDX and CL.

Big losers- MGM AA ATI MRK HIG GS ISRG CELG MNST MDT BW CNH DECK POT TEX COH and RIMM.

Market internals have flipped bearish as the NYSE/NAZ show 750 net losers.

The OEX/NDX show 3/2 losers to winners.

Volatility indexes higher by 2.5% and still way under the 10 day SMA.

Notable movers with high 2 day RSI's:

BHP Y MA BEN LM TROW GE TWX BHP Y APC DO HP RIG HD LTD;

Low 2 day RSI's:

NDAQ KMB WYNN CLI FCE.A

Major indexes back to 2 day RSI's in the middle at/near 50.