MORNING MARKETS

Markets are trading lower on the heels of more mortgage problems (LUM) and some apprehension in front of Big Ben. Good news is the action in the financials as brokers/banks are generally higher in spite of the lower major indexes.

Strongest sectors include gaming, brokers, banks, trannies, internets and oil service while semis, software, metals, airlines and tech are lagging.

Winning stocks- WYNN PTEN EBAY JOYG RYAAY LEH BHI GM ABT GOOG AIG BNI WB GS

TLVT GMCR MR DRYS NILE DSX MFRI STP.

Losers- HURN CMED SPEC MT CHE LAYN GTI KCI BHP XRX AVP EMC AES ATI TYC ORCL MRVL ATVI AMAT GENZ INTU JNPR UAUA.

Market internals - net 615 red on the NYSE and flat on the NAZ.

NDX about 2 down to every up and OEX about the same or a hair worse.

Volatility indexes about flat.

Other stuff:

Ag's generally green led by AG DE MON MTW;

Banks flattish;

Brokers good led by LEH NMX NYX GS CME;

Biotech generally red with the exception of DNA;

Consumers generally red with KMB MCD PEP barely green;

Defense - red with TXT getting hit;

Gaming- MGM LVS WYNN all higher on the WYNN numbers from last nite;

Real estate- surprisingly higher;

Retail mixed with COH COST CROX DECK GES UA higher while HD M SHLD TIF TGT all lower;

Tech- red led lower by SMH AKAM AMAT AMZN BRCM IBM KLAC MSFT SNDK TXN higher are AAPL EBAY GOOG NVDA RIMM and YHOO;

Up to Down volume about 40/60 while the TRIN is a hair under 1;