MIDDAY LOOK

Markets continue to trade near the flatline with a slight upward bias (drift up) as the holiday approaches.

Metals and oils continue to lead while internets, brokers, airlines and software are all higher. Leading to the downside are biotechs, drugs, semis and financials.

Market internals are improving with about 600 more winners than losers and again its NYSE way over NAZ. The ugly trade of the semis (fly in the ointment) is skewing the NAZ after a nice ramp up yesterday.

DJIA winners include BA CAT AA VZ HON and XOM while GM INTC T HD JPM and MO are all lower.

I expect stop and go trading the rest of the day/week so if your nimble you can buy em lower and sell em higher (probably more than once). And isn't it great that CNBC will be running the Faber WMT peace for the upteenth time on Thanksgiving day. Wonder what those ratings will be?