MIDDAY ROUT

Markets have moved back down after an initial rally from the lower open.

All sectors I watch have moved to red with metals, emerging markets and energy the laggards.

NYSE- 1500 net losers;

NAZ- 1300 net losers;

OEX- 15 GREEN;

NDX- 5 GREEN;

VIX- higher by 6% at/near 56.25;

Another light volume day with down volume about 4X the up;

Looks like another miserable day for the longs and don't be surprised if any rally is met with supply and the market closes near the lows.