MORNING LOOK

Markets have traded predominantly red this morning with some fits and starts higher and lower. As I type - SPX -8, NAZ -29 and the DJIA 34.

Strongest sectors include - drugs, biotech, metals and consumers- lagging are tech, internets, semis, homies, banks, real estate and oil service.

NYSE- 800 net losers;

NAZ- 700 net losers;

NDX 25 GREEN;

SPX 140 GREEN;

VIX flattish at 23.65;

TRIN - 1.15 with up volume half the down;

RSI 2 levels way down this morning with the SPX at 60 and the NAZ 50;

Looking for churn this afternoon and will be back at it on Monday as I doubt we go far in either direction the rest of the day.