WAITING FOR SOMETHING

Markets flat from the opening dip - and perhaps setting up for a nice move higher into the close- SPX -10, NAZ -25 and DJIA -105.

Strong sectors- banks, bonds, retail, fins and homies while materials, energy, real estate and small caps lag.

SPX- 85 GREEN;

NDX- 15 GREEN;

TRIN .85 with down volume about 2.5x the up;

VIX- 30.75- and higher by 3.7%-;

Have been sitting on my hands waiting for a set up and looking at 920/925 area to get long SSO- if and when-

Also looking to dip into EWC/EWA as they are as over sold as the SPX but probably better prospects going forward-

EURO nearing the highs of the day as the dollar sells off a bit and looking for commodities to regain there leadership before too long.

Hard to believe some of these stats;

No matter what - low crude /high crude airlines always manage to lose;

Barry on fixing TV;

And the Bullish Saut;