MORNING LULL

Markets have flipped higher on the heels of higher crude and higher inflation (lol) as the NAZ and RUT lead the way higher.

Strongest sectors include airlines, metals, oils, utilities, reits, biotech and small caps; lower are financials, brokers, homies, gaming and semis.

Big winners include VRSN UAUA DELL AKAM SBUX AMZN DELL CSCO GM COF AA ATI MTOX CF WBD CLB SNDA POT and FMCN.

Big losers include TBSI VSEA GME CMCO AAPL S LEH NTAP BBBY PAYX and GOOG.

Volatility indexes flattish.

Major market indexes heading now to over bought areas as the 2 day RSI on most major indexes approaches the 75 level with the RUT the highest at 85 and the OEX the lowest at 69.

Its fed day and I refuse to predict where the markets go, nah, I say just chop around with lots of volatility after 2:15.