Market internals heading negative prior to FOMC announcement

Investor uncertainly and disappointed bullish sentiment are racking the markets pulling airlines, retail, steel names downward while oil and oil names edge higher on anticipated OPEC cuts. Ticks had held in the positive range but have pierced the lower (-600) boundry. SPY's are close to testing Friday's lows @ 140.78. Nucor (NUE 59.60 -4.75) said it sees Q4 earnings well below Wall Street forecasts. Goldman Sachs (GS 201.97 -0.55) seriously topped Wall Street estimates. Best Buy (BBY 50.83 -3.08) missed analysts' expectations.

Adv/Dec & Up/down ratios : 1.9 , 2.62
TRIN: 1.36

Sector Update:
Strong: drillers, food retail, specialty REITs, oil & gas equipment, oil & gas storage, integrated oil, office eletronics, health care supplies

Weak: steel, auto equipment, aluminum, tires & rubber, coal & consumable fuel, dept stores, computer & electronics retail