THE CHOP

Markets are flopping around near the unchanged line as good housing numbers came out at 10AM.

SPX -2, NAZ 7 and DJIA +5.

Strong sectors- gaming, biotech, metals and defense while homies, emerging markets, oil service, banks and brokers lag.

NYSE- 400 net losers;
NAZ- 400 net losers;
NDX- 37 GREEN;
SPX - 181 GREEN;

TRIN- 1.26 and down volume about 1.5x the up.

Looks like a choppy day after yesterdays rip higher and looking to buy dips- also looking to get long on a longer term basis EWA EWC and EWZ- they have all ripped this year - but were very ugly last year and I think the long term prognosis is very good for each.

Another warning that we are running out of oil- quicker than one may think;





Lloyd to the employees- don't tell anyone;





Donald - involved in the usual - bankruptcy;





Bankruptcy for the AFL;