MIDDAY TRADE

Equity markets are trading near the flat line finally digesting some of the recent gains. SPX -.33, NAZ -.65 and DJIA +6.

Strongest sectors- gaming, airlines, defense, brokers and real estate while metals, ags, semis, trannies and homies lag.

NYSE- 200 net winners;

NAZ- 25 net winners;

NDX- 46 GREEN;

SPX- 220 GREEN;

VIX- down a bit at 23.35.

TRIN- 1.17 with up and down volume about equal.

GOLD down $3 at 1017 while silver is unch at 17.4.

Dollar down a tad at 76.41 while the EURO is up a bit at 1.4735.

Market feels like it could do just about anything today as the bulls seem to have a little less conviction today- although the boys could show in the late PM and drive us higher- that has been the usual movie.