MID DAY ALERT

The indices are breaking down to plunge through day lows. Energy is holding up but all other sectors are being decimated. We could either bounce of these levels or face further selling in the last 2 hours. The financials have made a big U-turn today from the earlier postive news of Goldmans earnings . The sector is firmly in the red and Goldman is gone from being up 6 points to being slightly in the red.