MORNING WHOOSH

Markets all over the board and this fish is trying to ignore the noise and focus on the weekend-

A close under the March lows would have me out of the recently discussed trades but I think they will hold and oil may be getting ready to fall as all the commodity stocks continue to get hammered.

Market internals weak but improving as the SPX has flipped to flat and the DJIA is +50- as the merry go around continues with the NQ futures about 20 off the lows.

Strong sectors include internets, drugs, retails, trannies and defense while gaming, ags, metals, steel and oils get torched.

VIX- a bit lower in front of the long weekend and it is above the SMA 10- as are most of the volatility indexes.