THE USUAL

Markets are back down at/near the lows of the day and if we have seen anything on a consistent basis its that weak days tend to close near the lows.

Strongest sectors- bonds, fins, shipping, telecom and retail while energy, metals and real estate lags.

NYSE- 1560 net losers;

NAZ- 1300 net losers;

NDX- 5 WINNERS;

OEX- 12 WINNERS;

VIX- stuck in neutral as I suspect put buyers are now using 2x/3x ETF's as protection;

TRIN- 1.74 and down volume 5X the up;

Gold down about $10 and crude down 4% at $52;

Looking for that lower close as the attempt at a rally was rejected near the SPX pivot point at the 826 level- financials out performing the broader index after role reversal yesterday-

RSI (2) levels at near 45/50 level and next week we may see them head down to single digit area.

Checking the sorter list - of the Dr. Brett's 40 telling stocks - 5 green with AMGN WFC COP KO BAC + and IBM SLB TWX WY C MO DOW leading to the downside.