NOON VIEW

Markets continue to trade mostly lower with the NAZ/NDX the sole exceptions. The DJIA is down 21, SPX -3 and NAZ +1. Crude is down again to the $54.5 level and all the bulls can take great calm knowing that Lenny Dykstra is on the long side of the trade.

Other action of interest includes the SMH, which is slightly green, AAPL very green and how come the great analysts on CNBC didn't warn us that if crude came in hard the emerging markets would tank and hence we would have lower U.S. equities. It was always said that lower crude was good for equities.


Anyhow, the NDX has an equal amount of winners and losers with AAPL SUNW XMSR NVDA SNDK and MRVL the winners and BRCM ISRG NTLI CHRW and SBUX the biggest losers.

The SPX 500 has about 175 winners and 325 losers with AA HRB IPG and SSP the winners and CMI SLM OXY WWY and XTO the biggest losers.

The DJIA is about evenly divided between winners and losers with AA T INTC HD BA and MO green and IBM MSFT XOM CAT and GM red.

I am looking for a little move higher in the afternoon as I suspect tech and the NAZ takes the major indexes higher.