CHOP CHOP

Markets trade mixed near the open but the internals are telling a bit of a different story. The DJIA FLAT, NAZ FLAT and SPX -3.

Market internals are very weak with net 775 red on the NYSE and net 650 red on the NAZ.

The OEX /NDX /SPX all about 2/1 red.

Strong sectors include homies, internets airlines and real estate while the weakest links include metals, silvers, trannies, biotechs, brokers, xchanges, financials and retail.

Green stocks include F MMM EXC AMGN CHKP AAPL XMSR XLNX NIHD JNPR AMZN MA BIDU KLAC MSFT GOOG GE VLO and BIIB.

Red stocks inlcude GS MS MER LEH BSC CME ICE NYX KSS SYK BYD UPS EWA LVLT AKAM FISV AMAT BMY NSC BUD LTD and DOW.

Volatility indexes lifting a bit but still no great action.

My take on the day, probably a bit higher into the close but mostly chop for the day as the general rule is that days after big trend days are quiet as profit takers and momo players duke it out.