MORNING TRADE

Markets are mixed this AM with strength in the NAZ/NDX and big cap tech while there is weakness in the DJIA as JPM PG PFE MMM KFT and GE are all lower.

Strongest sectors- metals, semis, retail, homies and biotech while reits, ags, banks, drugs and trannies lag.

NYSE/NAZ flattish internals;

NDX- 58 GREEN;

SPX - 235 GREEN;

VIX - lower by 1.5% at 30.2;

Two trades today - one very nice in MS as now up about 60 cents and one SSO and up a little there after selling some-

Balance of the day probably choppy and looking to sell my SSO on some high tick readings - patience - and I suspect we get some rips.

Also, checking the chart above - the NDX is starting to outperform again after flipflopping for a week weeks with the SPX.