MORNING MARKETS

Markets trade lower this am on the heels of lousy numbers from WMT and crummy action in the financials.

Stong sectors include biotechs, oil service, semis, airlines and gaming while brokers, metals, homies, retail and trannies lag.

Winners- WYNN DNA DFS NVDA UAUA VRSN SYMC ATVI RYAAY ALL HAL NSM MO AMGN INTC JNJ DWSN NVT CF TTEC TDG PCR GMCR DRC OIL.

Losers- ANDE CMED VDSI GES DK UA DSX LKQX RIO TBSI SJR WMT IP WY TGT GD GS HPQ CSC EK AES EMC RTN.

Market internals lousy with 900 net losers on the NYSE and 300 net red on the NAZ.

The NDX with 35 up and 65 down while the OEX has 3 down to every 1 up.

IBD 100 similar to the NDX.

The brokers continue to tell the story as they started the day unchanged but have sold off from the open. The big banks also lower as are real estate stocks which are getting crushed yet again.

Biotech a good spot with AMGN DNA GENZ GILD all higher;

Metals all lower;

Volume yet to be mentioned by Haines but it is 4/1 down to up;

Volatility indexes unchanged.

The good news- Positive divergences developing on the major indexes as they go lower- Note the MACD Histogram which will make a higher number when/if we touch the old lows. Also check the stochastics- should also be a positive divergence when and if.