THE MOVES

Equities are trading slightly lower but well off their worst levels of the over night session- SPX -2, NAZ -7 and DJIA -20.

Strongest sectors- silver, dollar, utils, trannies and banks while nat gas, metals, real estate and semis lag.

NYSE- 200 net losers;

NAZ- 325 net losers;

SPX- flat internals;

NDX- 47 GREEN;

VIX- down slightly and about 13% under the SMA 10.

Equities really starting to shake off the discount rate hike but lots of resistance above at the SMA 50 near 1108- also RSI 2 and VIX levels ind the markets will not move much higher with out some backing and filling or a pull back.