PM TRADE

Weird day as the major indexes are flat while market internals on the NYSE are 2/1 gainers to losers.

The RUT and the MIDs continue to lead the way with both higher by about .5%.

Strong sectors include real estate, airlines, gaming, trannies, biotech and utilities; leading lower are oils, homies, internets, drugs and metals.

As mentioned, internals are better than the major indexes with the OEX at 55/45 up to down; the NDX about 3/2 up to down and the SPX about 275/225 green to red.

Big winners include EP BUD CL GD AVP FDX CDWC FISV JNPR MRVL QCOM GENZ GSOL EML MTOX PCR and EDU.

Losers- HDNG MTL AFAM STLD CYNO VIP CSC COP LTD AA WB MCD CBS ATI BEAS EXPE AKAM SPLS and MNST.

Volatility indexes up by about 2%.

A guess for the afternoon, another ramp up before a flat close.