Market internals essentially flat while M&A activity prevails

Despite M&A activity in the gaming area and large cap stock runups, internals are edging into negative territory. Oil names are pausing as crude oil prices have eased followed by selloffs in basic materials, railroads and trucking.

Market TICKS are still an inside day while up/down volume is essentially flat(see above chart).

Adv/Decl & Up/Dwn Ratios: .84, .89
TRIN: .92 falling

Sector Update:
Strong: healthcare services, casinos, industrial conglomerates, semi equipment, telecom equipment
Weak: tires & rubber, steel, oil services, oil drilling, aluminum, gas utilities, oil refining, oil & gas exploration