THE USUAL

Another day in paradise as the markets trade way down with the SPX down about 4% and the NAZ acting the best - only down 2.5% after being down about 5% yesterday- so we are running out of index to trade.

Sectors- best of the bad include internets, semis, trannies and tech while metals, oils, ags, telecom and emerging markets are the worst.

NYSE- 2180 net losers;

NAZ- 1410 net losers;

NDX- 5 GREEN;

OEX- 5 GREEN;

DJIA ZERO GREEN;

VIX- up 24% at 66;

A strategy for the day- short the pullups (scale in) and there will be upticks- and assume the markets will close at/near the lows- its been a winning trade on just about any down day.