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-