AFTERNOON LOOK

Markets are higher led by metals, retail, homies, oils and semis while utilities, biotechs, drugs and banks lag.

Winners include CTSH INFY EBAY MNST MICC SHLD TGT CAT ROK XOM HD CVX HAL WBD SPAN BTJ NVEC BIDU DRYS and TLVT.

Losers- AAPL AMZN GOOG RIMM AKAM AMAT MSFT DFS (every day) SYNL MTOX DWSN RRST IP ETR ATI BMY GENZ XMSR ATVI ADSK and BSC.

Market internals are bullish with a net 620 green on the NYSE and 400 net green on the NAZ.

Brokers/Financials/Xchanges starting to light up the board bullish action on IAI BOT BX CME GS ICE NDAQ NYY and TROW.

Drugs/Biotechs lagging;

Semis act well but AAPL AKAM AMAT AMZN GOOG MSFT RIMM all red;

The NDX/OEX are both nicely bullish with about 3 up to every 2 down;

Up volume about double the down volume;

Volatility indexes down about 3.5% and trade under 15 and about 7% under the 10 day SMA.

Sell signals starting to mount as the 2 day RSI numbers hit mid 90's and VIX/VXO approaching the 90% of 10 day SMA area.