BACK TO WACKY WACKY

Markets continue to trade all over the board and the DJIA after being down 200 flipped to green and now trades down 80. What you don't hear is that the small cap RUT still higher on the day and definitely out performing over the last week. Small cap value +1.1% on the day. Remember, the small cap index was the first one to head lower weeks ago and may be leading to the upside.

Strong sectors include metals, defense, semis, software, oils, retail and utilities while gaming, brokers, homies, real estate, biotech and drugs lag.

Winners- INTU XRAY PETM IACI CHKP TLAB CSC GD NSC NSM HIG HPQ XRX CPB IBM CHE GTI UEIC SPSS ESI CYNO WNR OPY.

Losers- FTK GSOL TBSI NVDA HDNG VDSI ATN STP DECK GMCR NILE FAST EXPD WFMI LAMR JNPR WYNN AMLN.

Market internals red 1,000 on the NYSE and red 700 on the NAZ.

The NDX and the OEX both with 35 up and 65 down.

VIX up about 8% at 28.4 after trading at about 30 earlier in the day.

Up volume 570 Down volume 983.

Other stuff:

Banks hanging in mixed with BAC C MTB WB WFC all green;

Brokers lower but way off their lows;

Big Bio all red;

Defense has flipped to green with ITA +1%;

Gaming- LVS WYNN- giving some back;

Healthcare/Drugs- all red;

Metals - green led by FCX GLD SLV SSRI GG;

Oils flat - CAM CNQ CVX FTO HOC HP SU TSO VLO XOM XTO green; APA COP DVN HAL NFX PXD RIG SLB red;

Retail- mixed with COH SHLD TIF green and CROX DECK GES KSS UA WFMI all red;

Tech- AMZN HPQ IBM KLAC SNDK TXN green- AAPL AKAM CTSH GOOG MSFT NVDA RIMM all red;