Watching the afternoon muck as equities continue to act heavy - but they do trade near the SMA 50 on the SPX - as I type - SPX -13, NAZ -38 and the DJIA -59.
Strongest sectors- bonds, drugs. trannies and consumers;
Weak links- gaming, emerging markets, energy service, homies, biotech and airlines;
NYSE- 2100 net losers;
NAZ- 1450 net losers;
SPX- 80 GREEN;
NDX- 9 GREEN;
VIX- higher by 7% and trading about 17% above the SMA 10.
TRIN- 1.16 with down volume about 5x the up.
Gold down 9 @ 1031.
Dollar up .33% at 76.54 while the EURO is down about .5% at 1.473.
Not much to say except that the SMA 50 area on the SPX is holding for now- and we might see some buying into the close as folks believe that it will hold as the bulls line in the sand - and where is the end of month mark ups - lots of folks waiting for that also- this fish now waiting and thinking about buying later in the day.