MORNING CHOP

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.