MORNING VOLATILITY

Markets trade all over the board and are presently lower with the RUT doing the worst and the DJIA/OEX hanging in the best. The latest news bringing the markets lower are the builders as rumors abound that some such as BZH may not make it.

Strongest sectors include defense, drugs and utilities while homies, brokers, real estate and internets lag.

Winning stocks - MDT EXC RTN AEP CL NVT CMG GRMN MT SPSS SIMO WFMI ADSK BEAS ATVI JNPR.

Losers- AKAM NVDA AMGN JOYG SNDK AIG TWX LEH WY ALL AA GS HIG ATI.

Market internals - ugly with 1,420 net losers on the NYSE and 1,000 net losers on the NAZ.

OEX with 35 green while the NDX has about 30 positive.

Volatility indexes up about 5% and trading 25% above the 10 day SMA.

I am off fishing shortly and will not be posting again until Monday morning.