AFTERNOON LOOK

Markets continue to trade but off their best levels as banks, emerging markets, brokers, ags and energy lead- laggards inlcude metals, gold, utils, homies and retail,

NYSE- 1100 net winners;

NAZ- 220 net winners;

NDX/OEX- 80 winners on each;

IBD- 65 GREEN;

VIX- lower by 13% at 40.6;

Up volume 4X the down;

Just wondering why that NAZ ADV/DECL is flattish compared to about everything else-

Strategy now - wait for the "recovery plan" to pass- take off some longs and start putting out the shorts again.