MIDDAY LULL

Markets continue to chop around with the price of crude as the NDX/NAZ leads while small caps lag. The DJIA +2, NAZ +12 and SPX +3.

Strong sectors include solar, steel, oil service, tech, ags and metals while homies, banks, biotech and gaming lags.

NYSE/NAZ - flat internals;

NDX- 55 GREEN;

OEX- 53 GREEN;

IBD- 85 GREEN;

VIX- down 2.3% at 17.7;

TRIN- .92 with up slightly better than down volume;

Crude- $127 and higher by 45 cents;

Gold- $890 and higher by $13;

$$$$$- looks to be heading lower again at 72.85;

Crude continues to be the story as it oscillates between green and red- and equities follow it in inverse fashion.

Still long SKF and added a long in DIG- as I suspect the funds may want to mark up those equities into the EOM.