NOON SWOON

Markets continue lower and near the worst levels of the day with the DJIA down 190, NAZ -60 and SPX -22.

Only sector in the green - metals with gaming, retail, financials, internets and homies trailing.

NYSE- 2060 net losers;

NAZ- 1500 net losers;

NDX- 3 GREEN;

OEX- 4 GREEN;

IBD- 20 GREEN;

VIX- higher by 5.5% at 22.8;

GOLD- $903;

CRUDE- $135;

Could be a whippy afternoon as quad witch takes shape- markets also way over bought with RSI (2) levels on the major indexes at/near the 10 level- My QID long looking pretty pretty good and will probably take off before the afternoon expires.

A long trade probably early next weeek with DIG OIH XLE all looking like they may be good from the long side after the OPEC weekend meeting.