MID MORNING LOOK

Tough day so far as traders sold the open and wonder what to do now- My take - no clue from here if we close at the highs or the lows so sitting on hands.

Strongest sectors- homies, banks, retail, real estate, gaming and large value while oil service, semis, metals and steel lags.

NYSE- 1775 net winners;

NAZ- 1175 net winnners;

NDX- 75 GREEN;

OEX- 90 GREEN;

VIX- down 3% at/near 22.4;

Up volume 4X down;

Crude and gold a bit higher;

SPX resistance looks to be back at the 1290 number and so much for falling through support at 1200- thanks to Hank et al.