CHOP CHOP

OK, I will stand by my earlier prediction that it would be a choppy day and that is exactly what it was. The MIDs/NAZ were the big winner on the day while small cap growth was the best of the 4 caps.

Strongest sectors included metals, brokers, semis, retail, trannies and defense; leading lower were oils, real estate, banks, internets and small cap value.

Big winners -FTK LAYN ARGN SNP CPLA NSM ATI EXC DELL FDX TGT AMGN AKAM CHRW and CDNS.

Big losers - SHLD EBAY MICC DISH SLB CSC MSFT C DIS EML VCLK DXPE HDNG IDSA SYNL and ICE.

Market internals were better than the major indexes with a net 470 green on the NYSE and net 450 green on the NAZ.

The OEX/NDX indexes were about 3/2 green to red while the IBD 100 was even better at 65 to the green.

More low 2 day RSI numbers from MRK GM TEVA APOL and VRTX.

Volatility indexes drifted higher and closed at/near their respective 10 day SMA's.

Wheat, Corn, Gold, Silver and Crude all higher.

Tomorrow is employment day and the gurus expect about 100K new jobs added. I have no idea what it will be but I expect another choppy day as most will not add to their before the weekend.