MORNING CHOP

Markets are trading all over the board with an upward bias as I type.

Sectors acting best include utilities, drugs, brokers, biotech and large caps; leading lower are metals, oils, semis, internets, airlines and retail.

Big winners include CELG GENZ DELL GOOG CMED WBD WRNC CPLA CF and BIDU.

Big losers include SYNL SIMO CMCO NVDA TWIN NOV MT MTW KFT BHI COP AMGN LRCX and MXIM.

Volatility indexes hardly changed.

Market internals slightly better than flat on both the NDX/OEX while the NYSE is about flat and the NAZ slightly red.

BX has broken through the IPO number of 31 and may be a buy here as all the blah blah starts.

Silver getting crushed and now trading under $12.5 and may also be a buy as it seems like forced sellers are dumping it.

And what happened to the break out on GE and SMH. The usual as break outs generally fail and these two are living up to that rule.

The 4 Cramer horseman, since he called them on June 7, on an equal weighted basis they are down about .5% while the XLK/QQQQ are about flat. Not bad considering its cramer.