Equity markets are trading flat as of the 10.AM economic number release- ISM improving but not helping equities.
Strongest sectors- gaming, metals, fins, emerging markets and oil service while homies, drugs, tech, semis and small caps lag.
NYSE- 350 net green;
NAZ- flat internals;
NDX- 37 GREEN;
SPX- 255 GREEN;
VIX- flat at 28.7 and more than 10% above the SMA 10.
TRIN- .47- with up volume 3x the down- FRE FNM AIG C all big gainers with big volume skewing as usual.
NQ has turned tail and is leading lower while the SPX is the strongest of the big indexes - and Doug Kass expanding his short book as I type- FWIW- no other great insight and keeping mum for a bit as Tuesday's post was pretty ugly.
Bill with the over bought VIX;
Looks like another Obama pick coming shortly.
MORN with some early picking.