MID DAY

Markets continue to trade higher but are not making much progress as they have flat lined from the opening. The SPX is +6, DJIA 45 and NAZ +9.

Strong sectors include metals, oils, internets, retail, brokers, real estate, trannies, consumers, large cap growth, tch and biotech; leading lower are semis, utilities, airlines and defense.

Market internals have fallen off since the opening ramp and the NYSE now trades with 700 net green while the NAZ is about 500 net winners.

The OEX is very strong with 77 up and 23 down while the NDX has about 7 up for every 3 lower. The SPX with about 340 up and 160 down while the IBD 100 has 65 in the green.

Big winners include IDSA NGA DXPE GSOL RS SNHY MDT AA SLB TGT ROK S LTD AMZN ISRG GRMN NIHD LVLT and EXPE.

Big losers include LLTC MXIM CTSH NVDA TLAB QCOM CSC NSM CPB HON MCD DOW BMY SPTN GME CPA PTI SYNL and PTI.

Volatility indexes near the 12.5 level and down about 2 or 3%.

The internals on the OEX are leading me to believe that a decent will take place before the day is over. The semis are still a fly but the other signals will probably over ride.