MIDDAY SNOOZE

Markets bouncing a bit off of SUPPORT at SPX 780 but not sure it will hold for the close.

Strong sectors- energy, ags, telecom and retail while homies, banks, semis and tech lags.

NYSE- 600 net losers;

NAZ- 275 net losers;

NDX- 35 GREEN;

OEX- 45 GREEN;

VIX - down 4.5% at 46.25;

TRIN- 1.05- Down volume 1.5x the up;

Gold down $9 at $975;

Markets bouncing around and tough to say what will happen by the end but this fish is expecting a bit of a bounce before long. Maybe even one that doesn't get sold immediately. Long DIG 23.65.