NOWHERE

The markets are very quiet this afternoon and I note the SPY just sits (trades) at its Pivot Point of 127.55. Not sure if this means that we will move higher this afternoon or not, but I have noticed that this pattern generally breaks in the direction of any slim jim or spike out of its tight range.

The internals point higher as there continues to be about 900 more winners than losers.

The homies, retailers and bonds are doing the best today with the 10 year now back down at 5.08%. I guess the sniff of inflation is slowly being debunked with the lower rates.

MSFT is higher (.30 cents) on the rumor of another special one time dividend and the QQQQ's are following, up 18 big cents on the news.

Everyone's favorite little gold stock is running into another problem today. KRY is lower by another 6% to 3.84 and it is making the guru's guru look unguru like as the stock probably fills the gap and completes the round trip.

On another note, one fellow who has been hot lately, Barry Ritholtz, has been buying SPY and DIA today after calling the top.