BORING

It is a terribly boring day on the street but I think that is not uncommon for days after big up days like Friday. The market internals are flat and the SMH, which started the day strong has trended lower since the early morning.

The OIH and the oil stocks seem to be stabilizing after reaching early morning lows. The homies and the metals seem to be the worst performers and their really are no sectors that are standing out to the green side.

JOYG, an old favorite, seems to be stabilizing at the 65/66 level and still sports an IBD RS ranking of 97 and a EPS rating of 99. I am going to start a position here as it looks like it could easily go back to the old highs.