THE FEEL

Markets are trading lower after flipping from green on the heels of the worse than expected consumer confidence number.

The SPX -7, NAZ -9 and the DJIA -41.

Strong sectors include defense, bonds, metals, biotech and tech while energy, gaming, trannies and real estate lag.

NYSE- 900 net losers;

NAZ- 500 net losers;

NDX- 35 GREEN;

SPX 130 GREEN;

VIX - higher by 4% at 25.28.

TRIN .75 with down volume only a bit more than up;

The SPX trading at its lowest point since last Thursday and my guess is they come in later today and buy them again- seems all the dips now get bought and have to go with what is working of late- and that is it.

RSI 2- on the SPX down at 50 which is also lower than it has been in quite a while.