AFTERNOON LOOK

Markets have flipped back to green on the heels of lower oil with metals, big caps, semis, trannies, def/aero, internets, oils and tech leading the way higher while homies, banks, brokers, retail and airlines continue to struggle.

Big winners include CROX TEX SIMO BTJ NTGR HDNG AFSI TWIN FDX CAT NSC CSC GM PCAR SNDK AMZN EXPD NFDA and INFY.

Big losers - XMSR NIHD VRTX AAPL PETM ERTS S TYC LTD TGT S ORCL XRX WBD FLIR NVEC TTEC CTRP RRST HURN and CAE.

Of note:

Banks still trade heavy with BAC C MA MTB STT WB WFC all red;

Brokers also lower with BOT BSC CME LEH LM MS NMX lower and BEN GS ICE MER NDAQ NYX higher;

Drugs lower with the exception of JNJ (10 B buyback);

Gaming lower but improving;

Oils improving with oil service under performing;

Real estate/reits - lower with the exception of BAM;

Retail generally lower with CROX UA WMT green;

Tech a mixed bag with HHH SMH AMAT AMZN BRCM CTSH GOOG INFY INTC KLAC MOT SNDK TXN YHOO all higher while AAPL AKAM HPQ MSFT RIMM lower;

Market internals still flat on the NYSE/NAZ while a little better than flat on the OEX;

IBD 100 internals continue to act very well with 63 up and 37 down;

So probably a slow drift higher into the close and maybe a sell off later in the week as the markets continue to trade in over bought territory.