Oil Lower...Futures Lower...SPY, QQQ Lower

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Oil -0.90 at 29.99...news sources reporting that lower oil indicate fresh concerns over slowing global growth and that is driving markets lower this morning...regardless of the reason selling is stronger than buying and the SPY broke its 187.06 support and has fallen to its 184.64 support level...the MFC green line turned down on Friday and traders should be defensive...


All sectors are lower this morning with XLE, XLF and XLY the weakest and XLU, XLP and XLB the strongest...

XLE's weakest include:  CHK, WMB, OKE, KMI, DVN, APC, MRO, MPC, ESV, TSO, RIG, VLO, MUR, CPGX