MIDDAY VIBES

Markets continue to trade lower but a few stocks that have been off the radar have reappeared. Check GOOG up over $6 and AAPL up almost $3. Both have done very little of late and may be signalling something is about to change.

If you look closely at the morning action, note the NDX, Small caps are flattish and the small cap growth index is green.

Strongest sectors also include metals, oils, defense, trannies and gaming while utilities, semis, reits, drugs, brokers tech and retail are doing the worst.

Market internals have improved from the early lows and now about 600 net red on NYSE and 350 net red on NAZ.

The NDX is 36/64 green to red; OEX 30/70 and SPX about 180/320.

Key stocks higher include GOOG AAPL MA ICE NYX KLAC RIMM AMAT ADI.

Volatility indexes have also flatlined most of the day despite the early morning dip.

I have been buying futures for a daytrade and expect some bursts with high tick readings in the afternoon to sell into.