THE CRUSH

Markets are lower on the heels of more rumors in the financial patch and rumors about Israel and Iran.

The DJIA -185, NAZ -45 and SPX -20.

Strong sectors include metals, oil service and oils while banks, financials, gaming and brokers are all crushed.

NYSE -1800 net losers;

NAZ- 1300 net losers;

NDX 3 WINNERS;

OEX- 10 WINNERS;

IBD- 40 WINNERS;

VIX- up 6% at /near 23 and far from over bought;

TRIN- 1.62 with down volume almost 10x up volume;

GOLD $910;

CRUDE- $137;

Lots of chatter about the 1327 61.8 FIB level being shattered this morning - but the day is not over- and I mentioned a few days ago that I would like to buy at those levels- probably not today but maybe ealry next week as the sellers capitulate.

Note also GS down $2 after a nice move higher during the week- maybe an early sign of stabilization. Also looking to exit my QID put on near the close yesterday.