NOON NOTHING

Markets are bouncing around under the flatline with DJIA and SPX the best performing of the major market indexes and NDX and RUT the worst.

Strongest sectors continue to be metals oils and drugs while semis, airlines, retail, brokers, and internet act worst.

Market internals are well off their morning lows as 600 are net lower on NYSE and 950 are net lower on NAZ.

The OIH bounced off the $142 level but I wasn't quick enough to act. I will however look to buy any afternoon pullbacks for a swing trade higher.

Banks brokers and semis are all doing poorly causing me to forego any long daytrades and I don't want to short either so I will be probably be taking the rest of the day for errands.

Oh, and the best financial journalist. He is on Bloomberg TV early in the morning and is the clear speaking, not bullish or bearish Brian Sullivan. Check him out early in the morning instead of the CNBC bubblites.