MIDDAY LOSSES

The choppy day has now turned into a fairly ugly down trend - with ugliness in GE leading the way lower.

Sector strength in utils, biotech and drugs while energy, real estate, metals and semis lag.

NYSE- 300 net losers;

NAZ- 500 net losers;

VIX- lower by 6% despite the plunging DJIA /SPX;

Not playing the rest of the day as it may surge higher - so for now out and waiting for next week.

RSI (2) levels -

SPX 39;

DJIA 30;

NAZ 45;

RUT 57;