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Selloff in Equity indices has proven benign despite only 30% of stocks >10day ma

Fractional losses in S&P futs this am.. and little overall change from levels that were hit last Wed am when prices surged.. so the last 4 of 5 "down" days have all occurred in the context of 1 days trading from last Wed.  and LITTLE overall real damage-  NASDAQ is roughly unchanged from 2 days ago and also from levels from last week, and holding up in much stronger fashion, with stocks like AAPL showing real resiliency-   Key developments in the last 24 hours largely revolve around Crude oil dropping down under initial support and extending losses-  For now, it looks early to buy dips but also late in the game to sell into and support lies directly below-  Treasury yields broke out on Tuesday and still right to think the bond decline continues with TNX getting up to 2.64 in the short run-  For today.  2355-6 important on the downside. and under 2349.  while 2370 impt as resistance-  Gainers for today:  ELF, TIME, VVUS, APRO, SHLD, and on downside- FCX, PLNT, VNET, HZN, TLRD, SSYS-   Let me know if you have questions

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