MORNING LOOK

Markets trade lower but have com way off their session lows and some strength can be found in the metals, semi and oil space. Worst sectors include homies, real estate, retail, brokers and gaming.

Big winners include GM COP AKAM MRVL NTAP AAPL ATVI SNDK BIDU CAE ALY DWSN WNR and DRC;

Big losers include TBSI MTOX SPAN ACH MTL TEX LEH COF NSC AXP TGT DOW SHLD SYMC UAUA and WYNN;

The 10 year Bond rate is down to 5.07% and continues to back off the recent high near 5.31%;

Still green on CROX AKAM GOOG OIH XLE TSO VLO HOC FT CAM KLAC NVDA SNDK FCX SSRI PAAS GSS GLD GDX - a pretty good tell of where the market strength can be found;

Market internals are bearish with a net 1,275 losers on the NYSE and 1,100 net losers on the NAZ.

The OEX is 3/1 loser to winner while the NDX is better at 3/2 downs to ups;

Volatility indexes are bouncing about 6% and now trade a bit above their 10 day SMA's.