Market are way down this morning but seem to finding some temporary support near the SPX 903 area- which was also support last week- before the turn higher.
SPX -18, NAZ -42 and DJIA -122.
Strongest sectors- telecom, homies, retail, junk and drugs while energy, materials, metals, trannies and ags lag.
SPX 70 GREEN;
NDX 3 GREEN;
Winners- SO AEP S LOW WMT ETR WY VZ MA FMCN ALTR VRSN BBBY MRVL;
Losers- JOYG STLD FLEX FWLT LINTA AKAM NIHD FSLR AA NOV DVN HAL DOW WMB OXY;
Gold down 12, crude down almost $3 and nat gas down about 4% while ag commodities down about 2% or more across the board- and the dollar up only .5%.
Down Volume 10x the up;
TICK reading have been ugly all morning as they repeatedly hit between -800 and -1,000.
I am still looking for support at the SMA 50 of 898 on the SPX - and way lower than that on the NDX at 1405.