MORE DIPPING

Equities are trading lower on the heels of an upward move in the dollar and a bearish report on crude. SPX +5, NAZ -5 and DJIA -40.

Strongest sectors- internets, drugs, ags, semis and defense while metals, energy, homies, gaming and brokers lag.

NYSE- 1400 net losers;

NAZ- 900 net losers;

SPX- 120 GREEN;

NDX- 35 GREEN;

VIX- up 5% at 24.15 and about 7% under the SMA 10;

TRIN- 1.00 - with down volume about 3x the up-

RSI 2 levels as follows:

SPX -52

DJIA -56

NAZ- 67

NDX- 84

RUT -41

XLE 14

XLF 54

XLK 70

EWA 47

EWC 39

EEM 39

EWZ 20

As usual I suspect the market gets bought later in the day as that has been the usual pattern- doubtful we get back to the flat line but close before the close will probably be my bet.