1:30 UPDATE

The BANKS and BROKERS are leading the markets higher this PM with some help from the Oils and the Retailers. The losers are AAPL DRGs and REITS. The internals are about 500 to the green with NAZ internals still flat. The bad news is the Ten year Bond is doing an about face back to 4.87% again.

Looks like Jimmy is getting excited about the markets again as the SPY trades to 130.45. He spews out his " Midday Rally Should be Hard to Stop " at 12:45 EST setting us up for another turnaround. Probably, but first, we probably get to the 130.55 resistance point. After that the Cramer fade will probably kick in.