MIXED MIXED

The word of the day seems to be DULL as the markets oscillate between green and red. I suspect we close in the green as that always seems to be a good bet of late.

Strong sectors include oils, biotechs, reits, utilities, internets, brokers small cap growth and defense while airlines, tech, retail, banks, semis and drugs lag.

Market internals continue mixed with the NYSE slighlty green and the NAZ red.

Key stocks are generally mixed with MA GS MS LEH BSC NDAQ VLO PXD FTO MO BIDU RIMM AAPL GOOG and PVH all higher while BAM MER SWS BOT CME ICE GE CSCO KLAC MSFT and INTC are all red.

IBD stocks continue to outperform with about 75% higher with big gains from MTOX CNH SIMO CYNO and JST.

The OEX/SPX/NDX internals are all near the flat line.

The VIX/VXO are higher by 5% while the TRIN sits at a bearish 1.12 and the up/down volume is about even.

Again, I expect a ramp higher later in the day as that has been the money trade of late.