MORNING TRADE

Markets are trading near the flat line with most of the strength to be found in the energy patch while the weakness is in the usual place - the financials.

The DJIA +10, NAZ -2 and the SPX +2.

Strongest sectors oil, utils, drugs, steel, telecom and ags while banks, brokers, metals, internets and gaming the worst.

NYSE 175 net winners;

NAZ- 300 net losers;

NDX- 59 GREEN;

OEX- 58 GREEN;

IBD -80 GREEN;

Key stocks- CME XOM DECK UA CAT AMGN GE green and BG MER GS MS BAC C NYX NVDA all red.

VIX- down a bit at 22.5;

Up and down volume about equal;

So as suspected - no rush to buy - except in the oil patch and with the financials acting this poorly my guess is the oil patch may sell off before the day is over.