THE CRUSH

Markets open way down and every sector on my screens are red with insurance, homies, brokers and oil service the worst.

Market internals very ugly with 5 losers to every winner on the NYSE and 3 losers to each winner on the NAZ.

The OEX with 100 losers out of 100 issues as I type, a first, NDX with 7 winners and the IBD 100 with 8 issues in the green.

Support on the SPX should be near the 1,340 level but with all the selling - I doubt it holds today.

VIX finally getting some jig to the upside as its up 7%;

TRIN1.65:

Down volume 10X Up volume;

RSI (2) levels coming back to buy territory with most major indexes at/near the 9 to 11 range.