AFTERNOON ISSUES

Markets continue to trade in a choppy fashion with tech bellwhether IBM trying to recover from earlier lows. It now trades lower by $3+ and is accountable for about 25 points of the DJIA losses.

Strongest sectors have also flipped as some of the gamers have taken the lead with LVS and WYNN both flipping to a nice color of green. Oils, metals, homies, biotech, semis and small growth stocks are the leaders while internets, finanicals and software lag.

Market internals are still very bullish with 950 net green on the NYSE and 375 net green on the NAZ.

The NDX 100 internals continue to act the worst of the big three with winners and losers about equal whereas the SPX shows over 300 green and under 200 red. The OEX acts best with 65 up and 35 down.

Winning stocks include SLB DOW COF XLNX BRCM LRCX and JDSU while the worst are IBM TXT WFMI XMSR SIRI and ROST.

The key stock list is also telling of higher prices as GS GOOG AAPL MER MS and KLAC/SMH are all green. The AAPL quote is a flip as it opened the day lower.