MIDDAY VIBES

Looks like that rally in equities happened a bit early and gave the trend traders a nice entry to short the markets. And not how ugly the RUT trades!!! Seems to be on a direct flight to zero.

Strong sectors include telecom, utils and drugs while gaming, homies, real estate and retail bring up the rear.

NYSE- 1220 net losers;

NAZ- 1325 net losers;

NDX- 10 GREEN;

OEX- 30 GREEN;

DJIA - 7 GREEN;

VIX- flat at 69;

Down volume about 4X the up;

My guess for now is we bounce around the flat line and probably close higher as the bulls probably give it one more go.