1:00 UPDATE

The markets are still mixed here but the internals are starting to turn a little more bullish with about 300 more gainers than losers. The SOX, Internets, Brokers, Banks and Metals are mixed, OILs are lower, GOOG and AAPL are trashed, and the 10 year is hanging at 4.75%, up over 1% on the day.

The VIX is very perplexing as it is now almost 7% higher as the market has flatlined. The VXO and VXN are about 2.5% lower.

I have not made a trade today as I have no edge. The SPY has just hung out without much movement between its Pivot Point and First Resistance.