NOON TIME LOOK

Markets are meandering as there is not much follow through in either direction. NAZ over SPX seems to be the trade as tech hangs in while most issues don't. MSFT probably holding up the QQQQ with some help from the SMH.

Market internals still show about 1,600 more losers than winners.

Oils have flipped red while trannies, retailers, small caps, cyclicals and drugs all trade lower. Brokers have flipped to the green led by MER and MS.

EBAY DNA AMGN BLUD standout winners while KLAC INTC GLD GOOG stand out as losers.

I really don't have much of clue for direction today so maybe just a bounce around where nothing much gets accomplished either way.