NOONER
Markets continue to trade mixed with the SPX/DJIA slightly higher and NAZ a bit lower.
Leading higher are metals homies, oils, drugs, software and small caps (growth); lower are gaming, semis, tech, brokers, banks, trannies and internets.
Internals have flipped and are currently green with NYSE +750 and NAZ +100.
Big indexes are about 55 green on NDX; 65 green on OEX and 300 green on the SPX.
Winners include PH LEN PHM CTX NOVL ORCL CAT SLB NTLI LINTA CHKP and ESRX while biggest losers are INTC LVLT TLAB RIMM CSCO HPQ UST LUV and GLW.
I continue to trade the YM DJIA Futures and the price has been holding a bit under the pivot but have now broken above and I expect they will continue to the 12,655 level, the first area of resistance. The action in the internals gives me confidence that this market will continue higher.
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