afternoon drop

The bad news- markets moving back down as yesterday's euphoria becomes ancient history- the good news- Key SPX levels continue to hold and the financials hanging near the unchanged line. Also, RUT/MID doing a hair better than big caps.

Strongest sectors- airlines, internets, real estate and gamine while metals, ags, emerging markets and oil service continues to lag.

Key stocks- tilting to the red with V MS UA TIF KO AMZN WYNN ISRG higher and POT MER ICE NVDA NYX CME BG CAT MTW GS lower;

NYSE- 60 more winners than losers;

NAZ- 300 net losers;

NDX- 44 GREEN;

OEX- 40 GREEN;

IBD 20- all losers except for MA- biggest in the red - POT CNQ EOG GG NUE CHK NXY DVN HES APA;

Gold down 5.6% and crude- down 5%;

VIX- 27 and higher by 5%;

TRIN- 1.33;

Up volume 43% of Down volume;

BESPOKE with more on the BEAR;

At least one conservative talking head used to call him MCLAME?

And where is he now?

Curious to see if the dippers come in and buy later this afternoon and where they close- I suspect SPX support at 1315 will hold and lets see from there.