MIdday Snoozefest

Markets continue to trade lower with limited volatility as all the trading seems to be in a pretty pretty tight range. The DJIA -44, NA Z-14 and SPX -7.

Sectors acting well include steel, airlines, oils, gaming and ags- lagging are homies, semis, banks and telecom.

NYSE- 575 net losers;

NAZ- 440 net losers;

NDX- 30 GREEN;

OEX-44 GREEN;

IBD- 60 GREEN;

WINNERS- GENC TITN GLTS SVR HK CLR UAUA LEAP DISH RIMM SRCL VRSN BIIB ATI F UNH EP AES MRK WMB;

LOSERS- C S TXN WFC RF MO GOOG BAC INTC GRMN FMCN LRCX KLAC AMAT HANS FAVA MICC NTAP FLS BVN TNE KEX LKQX FSTR ATW;

VIX- down almost 2%;

Down volume 1.5X Up volume;

Oil a hair under 109;

Gold $917;

10 year- 3.539%;

The volatility is gone from the markets for the moment but an upside jig before the afternoon is over would not surprise me- I have some longs with a stop under 1358 on the SPX.