MORNING DIP

Markets are trading lower with the DJIA lower by 35, NAZ -5 and SPX -3.

Strongest sectors include telecom, gaming, semis, drugs and trannies while metals, banks, biotech and oil services lag.

NYSE- 370 net losers;

NAZ- 400 net losers;

NDX- 30 GREEN;

OEX- 35 GREEN;

IBD- 40 GREEN;

VIX- higher by 2.4% at 18.2;

Up volume a bit less than Down;

TRIN- 1.0000;

Curious to see if the markets can bounce from the 1400 SPX level as crude as it the unchanged level. Bought some NOV and will look to reenter IBM.