AFTERNOON LOOK

Another crummy day for the bulls as the markets turned lower this morning when SPX had more negative comments on the bond insurers. The DJIA-33, NAZ-3 and SPX -3.

Strong sectors- oils, gaming, brokers, real estate and tech while trannies, retail, telecom, homies, metals, and biotechs lag.

NAZ/NYSE internals- 1,100 net red;

NDX/OEX- 80 green out of 200;

IBD 100-60 green;

WINNERS- HRBN TTES SYNA SID LKQX BOOM LEAP JOYG AKAM JNPR WYNN GRMN NXY MS DELL WMB SLB ROK EK EP IBM;

LOSERS- S ORCL BNI MER RF DIS ALL FDX KOP SXE CPLA BAP CMG SNCR ENS CCH ESRX CELG ETAX SBUX ORCL VMED ESRX LVLT PETM APOL;

VIX- lower by 2% in light of the upcoming holiday;

10 year Bond rising with the rate down to 4.035% as more folks fly to quality.

Down volume 473m- Up volume 324m;

SPX 1,450 continues to hold as I type, not sure it will work into the close but for now its support. DJIA, under 13,200 with decent support near today's lows.

Boring trading but it is what it is as dips getting bought while rallies are sold for now.