MIDDAY MOVES

Markets hit their low near 10.15 and have been moving up pretty steadily since. The SPX -9.5, NAZ -16.5 and the DJIA -87.

Strongest sectors- crude, metals, gold, Brazil, semis and emerging markets while gaming, homies, defense, small caps and internets lag.

NYSE- 1200 net losers;

NAZ- 1100 net losers;

NDX- 25 GREEN;

SPX- 71 GREEN;

VIX- up about 3% at 25.9.

TRIN- 1.66 with down volume about 4x the up.

Equities having a bit of a problem at the VWAP on the QQQQ/SPY- looking for the rebound to continue as the PM's probably will have no qualms using some fire power today - end of month/quarter and the market is way down.

Also, interesting to see how well the EWA EWC EWZ EEM are acting today- a trade from a while ago courtesy of Gartman was long those etf's and short the SPX- they have way outperformed.

And an interesting take on why the Isrealis may now be hold - and not attack Iran.