HALF TIME CHECK
A very boring day in the markets so far with the SPX -2, NAZ -5 and DJIA -16.
Strongest sectors- gaming, banks, airlines, junk and trannies while nat gas, energy, metals and semis lag.
NYSE-150 net losers;
NAZ- flat inernals;
NDX- 30/70 green to red;
SPX - 185/315 green to red;
Up and down volume about equal;
VIX- up a hair and VXO down a bit- both still way over sold;
The SPX trading above the EMA 20 and near the SMA 50 - and with an RSI 2 level near 70- and I don't see much of an edge from these levels- and it looks like a very sloppy and choppy day.
Jeff Saut and his latest commentary- always a great read-