MORNING CHOP

Markets have generally flipped to red although the NAZ/NDX are still a bit green. SPX -2, NAZ +7 and DJIA -30.

Strongest sectors- semis, materials, tech, oil service and biotech while reits, metals, telecom and brokers lag.

NYSE- flat internals;

NAZ- 350 net winners;

SPX- 220 green and 280 red;

NDX- 75 GREEN;

VIX- lower by 1% at 29.5;

TRIN 1.4 with down volume about 1.5x the up;

Bought some SSO this am but was stopped out - and will be gone for most of the rest of the day in meetings- why do daytraders schedule meetings during trading hours- ?

Anyhow- I would like to buy those back as I suspect the bulls are far from finished for now.