FLIP FLOPS

Equity indexes are flip flopping around this morning as the dollar moves up and down - and is up about .2% as I type at 75.3 while the SPX is down 4.75, NAZ -14 and the DJIA -53.

Strongest sectors- semis, biotech, junk, drugs and retail while gaming, reits, metals, homies and brokers lag.

NYSE-1120 net losers;

NAZ- 1150 net losers;

SPX- 125 GREEN;

NDX- 20 GREEN;

TRIN- 1.19 with down volume 2.5 x the up;

VIX- down a hair at 21 and trading at 7.5% under the SMA 10;

RSI 2 levels on most major indexes near 50.

The photo above- the SPX v the EWA or the Aussie stock market- and it looks like the SPX is catching up - so maybe time to add more EWA v SPX - we will see.

It actually look like its time to take some time away from the machines as the markets probably do very little between now and the weekend - and that sounds pretty pretty good- so probably little posting between now and next week.