MIDDAY CHOP

Market has turned choppy flipping from green to red and back - with the best sectors- metals, semis, ags, homies and utils while banks, internets, gaming, shipping and junk lag.

NYSE- 380 net winners;

NAZ- 250 net losers;

NDX- 50 GREEN;

OEX- 60 GREEN;

VIX- lower by 6.5% at/near 47.7;

Banks/Financials trade ugly with JPM BAC WFC MS C GE all red -

Not expecting much for the rest of the day besides chop- as the long 3 day weekend looms and folks again may not want to hold equities in front of it.

Gold ripping higher at $840- as the $$$$ finally loses some luster.