NOT SO HIGHER

Markets are higher this morning on the heels of lower rates and lower crude. Loser on the day is MO, which is lower on news of a judge certifiying a class action suit. I think we have seen this picture before.

Now for the bad news, market internals are flat and small caps are lower as are the semis, trannies, biotechs, oils and metals.

Ticks are starting trade under the flat line and the volume on the NYSE has just flipped to down leading up and the NAZ COMP has already lost half their morning gains as has the SPX.

Higher sectors include brokers, banks, drugs and retailers.

I plan on keeping a close eye on the semis and the small caps as they have been the best tells for the markets.