MORNING SWOON

Markets trading lower with strength in ags, oils, materials, homies, gold and trannies with weakness in semis, banks, drugs, retail and insurance.

Market internals decent on the NYSE/NAZ but flattish to red on the NDX/OEX- IBD 100 with 75 winners as metals, ags and oils dominate the list.

Some interesting links as BESPOKE looks at P/E's of SPX sectors; Bernie looks at longer term support and resistance areas; some financials worth buying at Seeking Alpha; and Peggy Noonan with some Republican insight.