TRADING UGLY

The pain continue into the afternoon as the markets are again near their lows of the year. The DJIA -200, NAZ -71 and SPX -25.5.

Sector strength- utils-

Sector weakness- homies, semis, retail, tech, airlines and real estate;

Key stocks- 4 up and 36 down- leaders- WYNN KO MO PG- losers- NVDA INTC RIMM MGM MA UA AMZN MER KLAC NYX;

NYSE- 1,700 net losers;

NAZ- 1,750 net losers;

NDX-8 GREEN;

OEX-17 GREEN;

IBD 100-10 WINNERS;

WINNERS- EDU DWSN IRIS HOLX FCSX SLT HMSY CTRP GENZ WYNN DISH ATVI SERX GILD EXC SO ABT CCU CL AES KO;

LOSERS- just about all the other equities that trade;

VIX- not even higher by 3.75% and a mere 12% above the 10 SMA;

Up volume- 70K/ Down volume- 735K - 10x;

TRIN- 3.05 and way oversold;

QQQQ- the 200 SMA was touched earlier at/near 48.85 and was a bounce area - it will probably hold again and maybe a nice take off area for next week. A big rally is coming - just waiting- and waiting-