PM TRADE

Markets are trading near the flat line and well off their worst levels of the day - SPX -1, NAZ -7 and the DJIA -15.

Strongest sectors- gaming, banks, homies, brokers and real estate while consumer, retail, internets and tech lag.

Market internals fairly flat with the NYSE far better than the NAZ.

VIX higher by 6.5% at 24.6.

TRIN 1.07 with up volume a little better than down.

I suspect the buyers will show up before the session ends and a move up to 1,000 on the SPX before the week ends- after all everyone loves PAR- keep in mind that 10 years ago the SPX was trading at 1350- FWIW.