COMMODITY HUNT

Markets continue to trade lower with the DJIA -300, NAZ 55 and SPX -30.

All the sectors followed are red with bio, ags, oils, small caps and utils acting best and gaming, real estate and emerging markets the worst.

NYSE- 1565 net losers;

NAZ- 1400 net losers;

VIX- higher by 10% at 52.4;

Very light volume with down out pacing up by 8x;

Gold trading at/near $740 and appears to not want to go down much from here and looking to scale in near these levels with stops under the recent lows- Seems like a good risk/reward play.

Crude also seems to have found a bottom as it too doesn't seem to want to go down much from these levels.