SNOOZEFEST

Markets are trading near the flat line after the NAZ got off to a good start on the heels of the AAPL news.

Strongest sectors are reits, retail, tech, homies and utilities. Weakest are oil service, airlines, internets, banks and trannies.

The DJIA Futures are just hanging at the 12,580 Pivot Point and we wait to see which way they break. DJIA is about 50/50 between winners and losers with 13 of the stocks within 10 cents of the unchanged level.

Market internals are slightly bearish with about 800 more losers than winners. The NDX 100 shows about half the stocks in the green while the OEX 100 shows about 35 winners and 65 losers.

Outliers to the upside include GM HD NSM T MDT AAPL SNDK APOL AEOS and TLAB. Biggest losers include SYMC PTEN PDEC VRTX SUNW WMB ROK EP S and COF.

Turning to politics, the tradesports.com site has the following odds for 2008:

CLINTON 25%

MCCAIN 23%

ROMNEY 10%

GIULIANI 9%

OBAMA 10%

EDWARDS 7%

GORE 5.5%

In addition, the odds have shifted to about 70/30 that the dems maintain both Houses of Congress.