LEVELS

Markets still way down but off their worst levels- SPX -23, NAZ -48 and DJIA 188.

Best sectors- still red- junk, telecom, semis, brokers and retail while energy, emerging markets, real estate and trannies act the worst.

Market internals - awful with 1 green on NDX and 16 green on SPX.

Key levels-

SPX 50 SMA 891;

SPX 20 EMA 924;

SPX 200 SMA 910;

FIB retrace area 890 and 850 on SPX;

WS2 on ES near 911;

WS2 on NQ near 1440;