FLAT TO FLAT

Markets trade flattish into the afternoon session with the big caps leading and the NAZ/Tech trailing.

Strongest sectors include oils, silvers, gaming, metals and biotechs. Weaker are airlines, semis, tech, defense, banks, real estate, utilities and software.

The DJIA/Big caps are being led by XOM COP CVX SLB ORCL XRX BHI PG and T.

Laggards include RTN NSM EXC GD TWX INTC INTU BRCM UAUA FLEX MXIM and SBUX.

Market internals are also flattish with a net 200 green between the NYSE and the NAZ.

The NDX/OEX are evenly split between winners and losers while the SPX has slightly more losers than winners.

Key stocks a mixed bag with the CME standing out to the upside and most others flattish.

Volatility indexes flattish.

I went long the YM Futures near the 12520 level and am looking to sell into any afternoon tick rip higher. Just a day trade as I don't expect much upside from these overbought levels.