THE RIDDLE

Not sure what to make of it, but, the Market internals are back to a bullish +1,800, some very high tick readings (near +1,200) and the IWM is + .75% (the leading major market index today), but the SPX is flat and the QQQQ is higher by a dime, so it is kind of an enigma as to why the major indexes aren't doing better. Obviously the 10% weighting of the energy complex is a bit of a drag as is the flat performance of the banking group.

It is also mark up day for the big funds so they will probably get the markets higher before the day is over but it is going to take a lot of ammunition if the first four hours of the day is any indication.

And are there any news stats on the rotation out of big caps as the little guys outperform the SPX today by almost a percent.