AFTERNOON TAKE

There are lots of mixed signals in the markets today as the "imminent release of the prisoner rally" hasn't panned out as bulls expected. Markets are modestly higher with the big guy (DIA) outperforming the other major market indexes.

Naz lags while SMH acts well (+2%) with NAZ internals "iffy" at +225. NYSE internals are much better with 850 more winner than losers.

Sectors outperforming include the aforementioned Semis, brokers, techs and metals. Bringing up the rear are biotechs, GOOG, drugs, trannies and homies.

My strategy has been buying the dips in DIA as the 23/7 a/d line looks bullish for the daytraders. Tight stops also the order of the day volatility may unexpectedly expand.