MORNING LULL

Markets trade flat at the open with oils, retail and brokers leading and emerging markets, metals, biotech, tech, semis, internets and gaming lagging.

Market internals have flipped to pink with a net 400 red on the NYSE/NAZ combo while the internals on the NDX are much worse with about 25 green and 75 red. The SPX/OEX are slightly red with about 40 up to 60 down.

IBD 100 is starting 40/60 between winners and losers with CNH EDU SDX HMIN DWSN and POT green while CPA VOL ICE CHL LFL and HRT are red.

Interesting split as most of the brokers are green while the exchanges are red and GOOG, which was upgraded this morning is down slightly.

Volatility indexes about unchanged and the overbought numbers will rapidly come down as time passes and the 10 day SMA slowly meets the current numbers.

Keep in mind that days after big trending days (yesterday) are generally choppy, so don't expect much and I bet that is what bull are hoping will happen.

And how about this new activity on CNBC- the anchors act dumber and dumber and Erin and Cramer have become a new Abbott and Costello series.