HALF WAY

Markets continue to trade mixed in a tight range with the NAZ the best performer on the heels of a jig in tech land and specifically MSFT.

Strong sectors include metals, silver stocks, semis, software, biotech, gaming, drugs, large cap growth and internets. Weak links - real estate, banks and retail.

Key stocks mixed with the brokers the definition of mixed while tech acts well with MSFT and the Semis acting very well.

Market internals continue mixed with the NYSE slightly positive and NAZ slightly negative.

The NDX internals act best with about 65/35 up to down while the OEX/SPX show neutral internals.

Big stock winners include MSFT SEPR VRTX LRCX SNDK MRVL MO TXN NSM and AMGN.

Big losers include LTD IP DOW MEDI EP DIS COP MNST NIHD MEDI GRMN and SPLS.

Volatility indexes- about flat.

The 1440 resistance on the SPX continues to be a tough area for the markets to penetrate and I expect it will continue that way for the balance of today and tomorrow. However, we are only about 270 points from the Feb DJIA highs and about 22 from the SPX 6 year highs. I suspect we get there later in the month as subprime problems get forgotten and earnings come in "better than expected."