MIDDAY CHOP

The chop continues as days following big trend days tend to be choppy- and this is perfect example so far.

SPX +.5, NAZ +10 and DOPEY DJIA -4.

Strong areas- metals, brokers, tech and trannies while shipping, energy, real estate and drugs lag.

NYSE- 400 net winners;

NAZ- flat internals;

NDX - 65 GREEN;

OEX - 45 GREEN;

VIX- down 2% at 43.35;

Gold +$12 at $910;

A lower close from here is probably where we go - but not making any big bets yet- Markets a bit over sold and VIX a little lower than 90% of the SMA.