AFTERNOON SNOOZE

Markets continue to trade lower amid some strength in the NDX. And as predicted, crude has flipped to green on the heels of the inventory build announced this morning.

The banks are conspicuously weak with BAC C DFS JPM MA MTB WB WFC all red.

Strong sectors include gaming, reits, real estate, metals, airlines, defense and retail; laggards include utilities, banks, internets and brokers.

Winners include XMSR MGM UAUA AAPL ERTS HON GOOG TNE BTJ TLVT FCSX AAPL RIMM and CPA.

Losers include WBD ACH SYNA DWSN WFR MTB GM F PTEN JOYG ATVI CHRW AMZN MICC and PCAR.

Volatility indexes higher and generally back to the 10 day SMA line.

Market internals are red with the NYSE at -825 and the NAZ at -600.

The OEX is 2/1 red to green while the NDX is 3/2 red to green.

The IBD 100 is strong with 54 up and 46 down.

Low 2 day RSI readings found at AMGN PTEN IACI