DA BEARS

Markets are way down this morning on the heels of some economic news that was not as good as expected - or maybe because its October - or folks may be looking to lock in some good 2009 gains.

Anyhow, SPX -19, NAZ -50 and DJIA -140.

Sectors losing the least- gold, drugs, brokers and trannies while gaming, airlines, nat gas, metals and semis losing the most.

NYSE- 1950 net losers;

NAZ- 1500 net losers;

NDX- 0 GREEN and 100 RED;

OEX- 9 GREEN;

SPX 32 GREEN;

VIX - higher by 8% and trading about 11.5% above the SMA 10.

TRIN- 2.94- with down volume about 17x the up.

RSI 2 levels as follows:

SPX -9.

DJIA -8.

RUT -9.

NAZ -9.

NDX -10.

BKX 11.

XBD 26.

XLF 13.

EEM 19.

EWA 20.

EWC 27.

EWZ 38.

Interesting day just before tomorrow's jobs report - and curious to see if the bulls can grab back the EMA 20 on the SPX at 1047 area- For now looks like a long shot- as weak days tend to close near the lows and this is the weakest day in quite some time.

Also - note the daily support 2 numbers on the SPY near 103.75- probably another bounce area.