MIIDDAY MOVES

Markets are chopping around at midday and just when it looks like much lower /higher the opposite direction kicks in-and it looks like the Bond RATES are moving higher again as we are now above yesterdays close at 3.711%.

SPX +5, NAZ +2 and DJIA +15;

Strongest sectors- energy, metals, fins, brokers and materials while homies, retail, semis and small caps lag.

NYSE - flattish internals;

NAZ- 300 net losers;

SPX- 272 GREEN;

NDX- 50 GREEN;

VIX - FLAT;

Gold up $12- Silver +2.5% Crude higher by $1.

Markets moving quickly on the heels of moves in the bond markets- the dollar also stronger as the day ticks on- will play small as it seems very difficult to pick the direction for very long.