MIDDAY LOOK

Markets continue to trade lower with the DJIA -86, NAZ -10.5 and SPX -6.5.

Strongest sectors include metals, oils, steel, homies, ags and biotech while financials, internets, gaming, retail and utils lag.

NYSE- 500 net losers;

NAZ- 425 net losers;

NDX- 30 GREEN;

OEX- 27 GREEN;

IBD -65 GREEN;

VIX- higher by about 5% at 19.05;

GOLD- 875;

EURO- moving up at 1.55;

Crude - at/near 120;

Down volume a bit more than up;

Not to hopeful of a late day rally but tomorrow is another day and it may be turnaround Tuesday- market hardly oversold but a bit cheaper than this morning-