SLOW!!!

Markets continue to trade mixed with the DJIA being the laggard on the day.

Strongest sectors include oil service, software, airlines, brokers, silver stocks, and homies while aussies, gaming, drugs, trannies, banks and utilities lag.

Market internals- uneventful with a net 425 gainers on the NYSE/NAZ and almost a 50/50 split between losers and gainers on the OEX/NDX/SPX major indexes.

Strong stocks include MS MEDI ORCL WMB SLB T MER ADBE SNDK NVDA ORCL and TLAB.

Laggards include CTAS BRCM MNST APOL CDWC FAST ROST DISH FDX TWX AA BAX GD JNJ and CSCO.

The OIH seems to be bumping up against the recent highs at the 142 area as the ETF seems to be rangebound between 142 and 132 of late. A breakout above the level would not be surprising as yesterday's blow up from HAL couldn't drive the bulls away.

The big fed wording is coming up at 2:15 and all the pundits will parse every if/but/is and whatever; so the volatility is enroute but don't expect much headway in either direction.