MID MORNING STOCKS

Markets opened higher but have since flipped to a hair better than unchanged led by semis and small caps.

Strong sectors- semis, financials, banks, biotech and bonds while telecom, retail, oils and ags lag.

NYSE- 720 net green;

NAZ- 570 net green;

NDX/OEX- 60 GREEN on each;

VIX- down 2.5% at 44.65;

Up volume almost 2X the down;

Seems to be setting up as a choppy day strength in tech and weakness in energy- also seem to be stuck in the middle of the recent range topped by about 845/850 on the upside.

Gold seems to be hanging in well and is probably a buy on a further pullback-