AFTERNOON MARKETS

Markets continue to chop around the flat line with out performance by the DJIA on the heels of the GE earnings and AA news.

Strong sectors include homies (BRK.A interest), oils, brokers, gaming and large cap value while airlines, metals, tech, retail and small caps lag.

Big winners include CF BCSI SPEC VIP RIMM GOOG AAPL NFX SU SLB UA MA GS LM NYX PAYX BEAS WFMI FDX GE WY AMGN IP and HAL.

Big losers include BHI BDK AXP CTXS LOGI ERIC MICC EBAY YHOO CTSH CPA ALY FTK MTL RRST CME ICE RIG MSFT and AKAM.

Market internals continue to be bearish with a net 400 losers on the NYSE and 520 net red on the NAZ.

The OEX acts very well internally with about 55 up to 45 down while the NDX is much worse with 40 up and 60 down.

Volatility indexes flattish.

Oils a mixed bag as BHI is crushed while CAM CNQ COP HOC NFX SLB SU XOM XTO all green.

Retail acts very poorly again with COST M SHLD UA WMT green while BBY CROX CWTR CVS GES HD KSS LTD PVH TIF TGT all red.

Tech also mixed with AAPL AMZN BRCM GOOG RIMM TXN green while HHH SMH AKAM AMAT CSCO CTSH EBAY HPQ IBM INFY INTC KLAC MOT MSFT NVDA all red.

Just choppy action in the major indexes which is as expected after yesterday's huge up day.