Midday Moves

Markets continue to trade lower and the 1360 level on the SPX is over head yet again. Brokers and banks the culprits as each of those sectors gets pummelled. The letter C also turning flat after the great news from last night gets sold. Metals and oils higher with crude trading at/near $112 and gold at $938.

NYSE- 1150 net losers;

NAZ -1100 net losers;

NDX-15 GREEN;

OEX-25 GREEN;

IBD -35 GREEN;

VIX- up 4% and trading just below the 10 SMA;

The SPX might find some support at 1352, the 50 EMA- while the 50 SMA is at/near 1341 and now on an up slope.

Just watching for now without much conviction in either direction- and how about Jimmy's new deal?

And check out the commodity forecasts on BESPOKE- how is that for the contrarian?