NOON LOOK

Markets are lower on the heels of good economic news but probably overbought stocks. Favorite market tells GOOG AAPL and GS are all considerably lower.

The SPX 100 and NDX 100 both show about 25 up and 75 down while the SPX 500 has about 125 up and 375 down so not to bullish for the rest of the day unless things change dramatically.

The strongest sector is metals while oils and drugs are flat. Leading lower are internets, airlines, brokers, banks, software and gaming.

Best of the big caps are EP COP CL JNJ and LTD while C AAPL EK ROK MS S and LEH lag.

I haven't made a trade yet today and probably won't make any as shorting this market has not been a winning trade in some time and being long for the day doesn't make much sense either.
DJIA Futures pivots is at 12,555 and support at 12,515 area so maybe a long if we approach the support area.