The market has been trying to hold in the green all morning, but is having trouble getting sustained traction.  I see a lot of oversold bounces, stocks that were slaughtered last week like NFLX, GNC and SRPT, along with big winners like AMZN, are higher today.  Make no mistake, however, it’s a difficult session.

Economic data out today was also mixed.

The Institute for Supply Management came in below consensus with employment down five months in a row below contraction, but with the best result of the year.  There wasn’t anything positive to point to, and even prices paid surged.

We also got the latest construction spending, which increased 0.3% in March to $1,137.5 billion, the highest level since October 2007 due in large part to private construction.   February was revised to a 1.0%.

A decline in nonresidential construction spending was attributed to continued spending cuts in the energy sector.  Public construction and federal government construction also declined in March.