The Flats

Markets appear to be flipping to red as banks/brokers continue to lag - winning sectors include oils, defense, tech and trannies;

Market internals have also gone red on the NAZ/NYSE/OEX and NDX;

AAPL BIDU GOOG RIMM all trading green but I doubt we get any decent ramp higher today;

Crude- $105+, Nat Gas- $9.78, Gold $928;

VIX -down 2%;

Down volume 3/2 ahead of up- light volume yet again;

Technically, I am sticking with a buying point at/near 1,310/1,315 or the 50% retracement of the most recent move higher.

One comment wanted to know funds that I own /like and here is a short list:

FAIRX OAKBX TASCX VGPMX PRNEX WWNPX WGRNX VLEOX PRWCX MXXIX MDISX MQIFX ARTQX-