NOON CHECK

Markets are trying to stabilize and maybe put in a little afternoon rally as internals gradually improve. The TICK has also started to give some bullish signs with almost all of the numbers falling above the flat line.

Stocks/sectors looking good today include GOOG, WMT, airlines, INTC, AAPL, retail, brokers, consumers, trannies and drugs. The loser list contains oils, metals, KLAC, YHOO, semis, small caps, financials and homies.

Market internals were about 1,800 to the red and have steadily improved to about 1,100 red as I type.

The DJIA has been gaining ground most of the morning with the Futures now down about 20 points after being down about 50 earlier. Resistance should be at the daily pivot of 12,050 on the futures and 12,000 on the cash index.

And can Cramer do any worse on the OIH. Every time he calls for a buy or a sell it seems to be exactly wrong. Just the worse.