Markets are flopping around fairly aimlessly this morning as the recent ramp higher is being digested nicely. The SPX is -5, NAZ -9 and the DJIA -12.
Strongest sectors- ags, homies, oil service, biotech and retail while real estate, banks, fins and semi lag.
NYSE- 600 net losers;
NAZ- 700 net losers;
SPX 135 GREEN;
NDX- 24 GREEN;
VIX - down 2% at 24.95;
TRIN- 1.04- down volume about 2x the up;
Not much conviction either way so just watching for now- although a ramp higher at the end of day is what I am thinking- all internals though pointing the other way.