1:00 UPDATER

Major market indexes continue to trade near their flatlines with the DJIA being the best performer with 18 issues higher than 12 lower.

The rest of the market is not doing nearly as well as there are more than 2,000 shares lower than higher. Bad but an improvement over the worst levels of the day when there were 3,000 more issues lower than higher.

The brokers continue to get hammered with LM now only up slightly and others such as GS LEH MS and MER all trading poorly. The only sector green is the DRUG group and that is no big time gainer.

The VIX is higher by 5% and is trading above the "not so magic" 110% of the 10 day SMA level.

If this market gets going today, the tell will be the market internals and that is where I will be focusing.

Did I mention that the 5 day SMA of the TRIN is now the highest number it has been since October of 2004, nah, it doesn't matter.