Equities started the day higher but qucikly sold off as AAPL turned ugly in a hurry- As I type NAZ +2, SPX +.5 and the DJIA +11.
Strongest sectors include energy service, semis, emerging markets, tech and drugs while gaming, metals, banks and homies lag.
NYSE- 460 net losers;
NAZ- 550 net losers;
SPX - slightly better than flat internals;
Gold down about $13 at $1180;
10 Year note- 2.95%;
Big winners- APOL NIHD GILD NVDA QCOM HAL SLB BHI CMCSA AMGN;
Big losers- AAPL BAC COF JPM AXP SHLD BIDU SNDK WYNN HSIC WCRX PDCO;
Watching AAPL and GS closely and if they turn I suspect the market rallies nicely- Internals good on SPX and NDX - and looking to add to QQQQ near these levels - for a quick flip as the environment remains bearish - just check the sell areas near the 200 and 50 SMA's in recent days- and of course the lower highs and lower lows on the charts -