THE SLOW CHOP

Markets continue to chop led by NQ to the upside and the DJIA to the down side- Note the green for ICE BIDU NYX GS MA RIMM ANZN V AAPL MS GGOG BLK - pretty good line of green for a down day in the major indexes.

Market internals - not so good with NDX at 42 GREEN and SPX at 153 GREEN - NAZ/NYSE flattish internals;

Down volume still dominating to the overall volume at about 1.5/1 with the TRIN at 1.39.

Sold my QLD with about a 20 cent profit - which isn't too shabby for a day like today - and I expect to reenter lower and hold on for a mark up ramp into the 3 oclock hour.

Links:

Mkt Sci on the 50/200 cross;

Sheila can't sell house either;

DR. BRETT with some mkt delta;

NO problem over there;

Farrah and her 1 piece;