MORNING LOOK

Markets are generally lower as the crude oil build sent oil back near the $130 level after it came in a bit. The DJIA -61, NAZ flat and SPX -2.

Strongest sectors include metals, utils, shipping, small caps and drugs while homies, brokers, financials, biotech, steel and retail lag.

NYSE- 370 net winners;

NAZ- 430 net winners;

NDX- 45 GREEN;

OEX-43 GREEN;

IBD- 50 GREEN;

VIX- flattish;

TRIN- 1.74- with declining volume about 1.5X the advancing;

Gold -926;

Crude-130.5;

10 year Note- 3.81%;

Looking to short financials on bounces here and looking to buy more oil service - RSI (2) levels getting there but probably sill going lower- now around 14 on SPX and 9 on the WEAK DJIA.