MORNING CHOP

Markets are higher but they seem to be fooling both bulls and bears this morning as the fake out so far is the trade of the morning. And why didn't the market move up on the Natty Gas number?

NYSE- 880 net winners;

NAZ-340 net winners;

Strongest secors include banks, brokers, oil service and metals while internets, steel and utils lag.

VIX- flat near the 25 level;

Gold and crude higher;

The 1245 level on the SPX should be an important area- a good place for the bulls to defend their turf - if not it could get ugly in a hurry.