Markets are trading mixed as I pen this post and there is chatter at minyanville.com that if the markets don't get jiggy soon, another selloff may be in the cards as the new holders who called the bottom or heard the bottom called give it up and head to the sidelines.

The opening SP FUTS gap filled and now is trading mixed as the internals have come way off their highs and now show only 200 winners to losers. Better performing sectors today include homies, brokers and biotechs while the downside leaders include drugs and oils. Tech has come down off their highs led lower by the Semi's and the metals have also begun to head lower.

I don't think the bulls are going to give it up this fast although I see flattish action into the end of the day as everyone needs a rest. A new week begins on Monday (lol) and then we will see who is in control.


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