THE SWOON

A little more than half the trading day gone and equities are at/near their lows of the day- SPX-13.5, NAZ-33 and the DJIA -90.

Strongest sectors- bonds, retail, utils, biotech and drugs while, metals, semis, energy, homies and banks lag.

NYSE-1425 net losers;

NAZ- 1100 net losers;

SPX- 38/ 457 green to red;

NDX- 8/92 green to red;

VIX higher by 8%+ - but still trading about 4% below the SMA 10-;

TRIN 2.3- with down volume about 8x the up.

RSI 2 levels near 15 on the SPX and a bit lower on the NDX- will probably buy some SSO/QLD near the close -