CALM BEFORE STORM

The markets continue to trade in a tight range as the SPY is now up 38 cents and the QQQQ is higher by 24 cents. The big winners on the day are those invested in the energy patch as the OIH is up $3.70 or 2.6%. The winners thare are HELS HAL XEC RRC XTO HP LSS NOV and of course VLO and FTO. Volatility Sisters are unchanged, GOOG +5, GS +2, AAPL pinkish and MSFT is, yikes, higher by 16 cents.


Market internals have flipped from red to 450 to the greenside.

Other winning sectors on my screen are Homies even with the 10 year up to 4.74%, Retailers(+.5%), Internets (HHH+2%) are trading higher and the Semis are back to flatland. Metals and the consumer stocks are flat to lower.

This will all change at 2:15 as we either rip higher or plummet lower. My guess is we go higher.