AFTERNOON RALLY?

Markets are well off their worst levels and the NQ/NAZ seems to be rallying more than the others. Tech not involved in the Mayo sell call so we will see how this works out. SPX -15 and NAZ -32.





Strong sectors- gaming, bonds, drugs, defense and utils while metals, banks, homies and oil service lags.





NYSE- 1700 net losers;


NAZ- 1340 net losers;


NDX- 15 GREEN;


OEX- 18 GREEN;





VIX - higher by about 6% at 42;





TRIN- .93 with down volume about 3x the up;





Gold- still crushed at $870;

And some quick Links:

Nails- not hitting it out of the park;

The CNBC Q1;

The lastest fromWhitney;

Bill on the NDX 100;

Looking for the official definition;

NAZ/NQ seems to be the place for a day trade to the north - and also dipped into some V for a possible move - that stock seems to have something going for it.


I suspect we will see some further moves to the upside as most traders probably feel its a buy the dip market for now.