Markets do nothing and holding their breadth

IWM down .4%, QQQQ down .39%, SPY down .14%, DIA up .02%.

NYSE Breadth was 16 down for every 14 up. 228 issues made 50-day highs.

Coffee (JO) up 1.61 to 78.21.

Utilities was the top performing sector via the XLU up .33 to 32.82.

HMOs led by AGP up 1.33 to 59.90.

Railroads led by RA up .82 to 16.33.

Churning back higher for an inside day

No specific news. Almost as if the last two days didn't mean anything.

IWM up 1.63%, DIA up 1.06%, SPY up .87%, QQQQ up .4%.

NYSE Breadth was 22 up for every 8 down. 238 issues closed at 50-day highs.

Commodities led by Coffee (JO) up 1.58 to 76.60.

Cigarettes led by PM up .61 to 64.25.

Cleaning Products led by CHD up 1.26 to 77.94.

Medical Instruments led by SYK up 1.76 to 65.07, STJ up .94 to 50.25.

Oil led by GLF up .50 to 47. But most Oils and Metals sold off for a second straight day.

Utilities have started to catch a bid, D up .72 to 46.14.

Opening 30 min bounce evaporates, U.S. markets down

Only a buy program in the final 45 minutes lifted the averages off their lows. Silver reached new 31-year highs but closed well off session highs. Gold and Oil were up but their corresponding stocks were not as most people are sitting in cash awaiting a definitive direction from the market.

IWM down 1.54%, QQQQ down 1.4%, SPY down .83%, DIA down .66%.

NYSE Breadth was 23 down for every 7 up. Only 154 issues made new 50-day highs.

Silver led all sectors via the SLV up .54 to 35.23. Gold was up .39 via the GLD to 139.72.

Coffee via the JO was up 2 to 75.02.

Cocoa via the NIB up .09 to 52.24.

Cigarettes led by PM up .14 to 63.64.

Cleaning Products led by CHD up .30 to 76.68.

Nasdaq Big Cappers taken to the woodshed today: GOOG down 8.96 to 591.66, NFLX down 3.32 to 207.40, AMZN down 2.59 to 169.08, ISRG down 2.45, to 329.59, PCLN down 2.44 to 466.69.

Light Sweet Crude Oil for April delivery was up closing .36 to 104.92 although it was over 106.90 intraday. Most Oil stocks were down, but LUFK up 1.81 to 86.69.

Volatility returns, silver is up, oil is up, markets are down

Only place safe is silver, gold, and oil futures at least for one day. Except for a final half-hour buy program, markets should have been worse off. Bernanke is lucky he has an unlimited printing press, at least until the Chinese decide to call his bluff one day and say "no mas" to U.S. Treasuries.

SPY down .74%, DIA down .72%, QQQQ down .5%, IWM down .47%.

NYSE Breadth was 2 to 1 lower. 202 issues closed at 50-day highs.

All about Jim Roger's Commodities:

Silver via the SLV up 1.28 to 34.69 (a new 31-year high).

Gold via the GLD up 1.26 to 139.35.

Oil was led by IMO up 1.15 to 54, DBE up .26 to 30.99, COP up .43 to 79.98.

Gasoline via the UGA up .48 to 49.66.

Nasdaq Big-Cappers led by PCLN up 4.34 to 469.13.

Railroads led by RA up .07 to 15.77.

Markets have a way of fooling the weak holders, 1.5% gains on the U.S. avgs

IWM up 2.22%, QQQQ up 1.93%, SPX up 1.72%, DIA up 1.59%

NYSE Breadth was 24 issues up for every 6 down. 450 issues reached new 50-day highs.

Brokerages led by OPY up .74 to 32.84.

Cigarettes led by PM up .75 to 63.67.

Commodities led by Coffee up 2.14 to 73.54, Cocoa up 1.12 to 53.53.

Consumer Products led by CHD up 1.66 to 76.17.

Drugs led by NVO up 3.32 to 127.89.

Industrial Goods led by BWC up .25 to 34.68.

Medical Appliances led by MTD up 4.98 to 175.54, COV up 1.58 to 53.01, STJ up 1 to 49.37, SYK up 1.50 to 64.56.

Nasdaq Big-Cappers led by PCLN up 15.61 to 464.79, AAPL up 7.44 to 359.56.

Oil led by MRO up 1.73 to 52.66, COP up 1.30 to 79.55.

Railroads led by RA up .36 to 15.70.

Not much of a turnaround

U.S. Markets had a good forty minutes before selling off throughout the day. If not for a final half-hour run-up, they wouldn't have finished in the black.

IWM up .47%, QQQQ up .39%, SPY up .16%, DIA up .07%

NYSE Breadth was 19 up for every 11 down. 162 issues made new 50-day highs.

Commodities led by Cocoa (NIB) up .68 to 52.41, GSG up .33 to 37.30.

Gold was led by individual components such as ABX up .11 to 53.88.

Energy in the spotlight as IMO up 1.39 to 53.17, UGA up .50 to 49.32, DBE up .46 to 30.83.

Nasdaq Big Cap led by AAPL up 2.81 to 352.12 as iPad 2 looks like a winner. PCLN up 3.95 to 449.18, AMZN up 2.58 to 172.02.

In pre-market, JOYG missed earnings estimates by 6%, stock dropped almost 3.27. Since earnings plays aren't working now, it means the tone for the short term has changed to avoid until we find some support level for the U.S. averages.

Markets flip us the bird, down over 1 1/2% on the avgs

When too many people especially CNBC talk about the first of the month jumper, often times it means the market will do the opposite. The previous six months, the first day of the month saw a positive gain. On the seventh month, they gapped down and closed at the lows.

IWM down 1.99%, QQQQ down 1.61%, SPY down 1.57%, DIA down 1.38%.

NYSE Breadth was 22 down for every 8 up. Only 115 issues closed at 50-day new highs.

Silver via the SLV was the top performing sector up .76 to 33.87. Gold via the GLD was up 2.37 to 140.03.

ETFs related to precious metals AGQ up 8.54 to 194.80, DBS up 1.39 to 60.75, SIVR up .78 to 34.54, GG up 1.54 to 49.35, DBP up 1.81 to 53.34.

& select energy BNO up 2.92 to 77.24, UGA up 1.70 to 48.82, DBE up .73 to 30.69.

Energy was led by MRO up 1.15 to 50.75 but most companies were sold off in the final three hours to match the U.S. averages.

Early in pre-market, AZO reported positive earnings and one of the few stocks up today, up 5.57 to 263.52.