GAP TRAP

The morning gap has been filled as the markets flip to flat on the heels of higher crude and crummy action in the financials/brokers.

Strongest sectors included oils, metals, gaming, defense, utils, small cap growth and real estate while brokers, homies, trannies, banks and biotech lag.

Market internals are strong on the NYSE with 800 net winners and flat on the NAZ.

The NDX internals have flipped to red with about 2 stocks down to every one up despite the green NDX index and close to its 52 week high.

OEX internals with 55 up and 45 down.

Big winners include AA COP RIMM APOL MRVL AAPL WBD FMCN DRYS PCLN FCSX and TBSI.

Big losers include IDSA SYNL CAE MICC MER S LTD LEH FDX MRK NTAP GENZ NIHD and GOOG.

Interesting how the IBD 100 is 3 up to every red stock.

Probably more choppiness into the close and higher prices next week as the new quarter begins and hopefully some new money shows.