Equity markets are trading near the flat line in an uneventful session unless one is involved with the metals.
SPX +2, NAZ +3.5 and DJIA +26.
Strongest sectors- nat gas, oil service, semis, retail, small caps and defense while gaming, metals, airlines, brokers and reits lag.
NYSE- 600 net winners;
NAZ- 275 net winners;
SPX - 320 up and 175 down.
NDX- 67 GREEN;
OEX- 60 GREEN;
TRIN- 1.37 with up and down volume about equal-
RSI 2 levels near 70 on most major indexes.
Markets just look to be bouncing around and don't really have a good feel for direction- the dollar is again heading lower but gold isn't moving up so nothing clear to me today.
Jeff Saut - who has been great on the rally - getting a tad nervous;
FORBES on US home prices;
TRADER MIKE and his take;