AFTERNOON SWOON

Markets are lower in the mid afternoon trade with the DJIA lower by 95, NAZ -25 and SPX down by 10. The RUT is down a bit more than the big caps while the MID's are acting a bit better.

Strongest sectors include retail, drugs, biotechs, homies, brokers and internets while gaming, semis, emerging markets, trannies and metals act the worst.

NYSE internals-950;

NAZ internals-800

OEX 30 WINNERS;

NDX 35 WINNERS;

IBD 100- 14 WINNERS;

Key stocks in the green- BAC CME COST CROX IBB ISRG JPM MA MS MER NYX WFC;

Key stocks in the red- AAPL AMZN BAM BG BIDU C CELG GE GOOG GS ICE MGM MO POT RIMM SMH UA XOM;

BIGGEST WINNERS- ISRG AFSI MA PCLN LIFC CMG BUD BMY HD GM MRK AEP COF MS MER WMT FISV GENZ DISH LAMR WFMI ROST ERIC SHLD;

BIGGEST LOSERS- WYNN NVDA AMAT LRCX SNDK GRMN KLAC JOYG AA ATI NSM NSC INTC COP TXN BNI AVP AES CRNT RIO OFC SNP VSEA CF CMED MR CHL TBSI;

VIX/VXO hardly moving as the VIX is almost 19 and above the 10 day SMA- no fear here;

Two day RSI numbers on major indexes- not oversold just yet with:

SPX 37

OEX 34

NDX 30

RUT 52

DJIA 32

So not down to the "10" levels which is the general "time to dip" area- but a lot better prices than the indexes have been as they have gone straight up since Ben cut the rates a few weeks ago. I think we get better prices before long as the 20 day SMA on the SPX is near 1505 and they may be a nice place to buy. Again, I expect a nice rally into the end of year as IMVHO stocks are a much better buy than gold/real estate/bonds. And I think I am not the only one who feels that way.