MIDDAY SNOOZE

Notwithstanding the awesome debate between Vince and Leo - a snoozefest on the street this morning with strength in oils, utils and banks and weakness in semis, trannies and telecom.

Market internals still pretty good and acting better than the major indexes;

NAZ/OEX- about 60% of the stocks in the green;

VIX- lower by 2% at/near 20.6;

Volume almost 2/1 to the upside;

Looks like the choppy day prediction made near the open is the right call- and probably a good day for activities that don't include trading these markets.