AFTERNOON TRADE

Markets have come up off their worst levels and the SPX/DJIA are both trading at/near their 50 SMA's.

Sectors holding in the best include metals, internets, utils and drugs while airlines, real estate, small caps and banks are the laggards.

Market internals still near their lows with about 3,000 net losers between the NYSE and NAZ while the NDX/OEX/IBD 100 each show less than 10 winners.

VIX- leveling out at the +7% level near 20;

Volume very low and down numbers about 5X up;

Green stocks include- AAPL AMZN DELL TEVA CBS DELL ORCL BIDU CCH MA POT MEE MOS;

Biggest losers- C WFC JPM INTC LEAP AMLN UAUA HANS MS AXP GSOL ARGN YGE HDB ABAX SLT BCSI VMW HPQ WFR;

Oil backing off a bit and under $97 after trying for the little discussed $100 number.

10 year Bond at/near 4.2%;

Hopefully, the areas of support mentioned in the morning post hold and give us a little bounce here. I purchased some NQ futures for a bounce into the end of the year.