MORNING TRADE

More good econ news as the housing numbers beat the expectations- still lousy but better than expected. Markets pop on the news with the RUT and small cap growth the best performing major market index.

Strong sectors- oil service, retail, trannies, metals, defense and homie while brokers, banks, semis and reits lag. The OIH back near the 175 level and it has been strong of late.

NYSE internals +930 NAZ internals +350;

OEX 70+30-;

WINNERS- HD BHI CVX XOM ORCL WMB AES SLB;

LOSERS- COF WB CSC LTD F JNJ JPM HNZ CMCSA MS GM MSFT;

NDX 60+40-;

WINNERS DISH BIIB MICC WFMI WYNN AMZN APOL ROST LOGI;

LOSERS- MRVL ERTS UAUA DISCA CTSH SUNW PDCO INTU CHKP BRCM CELG;

IBD 100 85+15-;

WINNERS- WBD VIP ARGN WNR ASEI GME GPOR PRFT ATN IRIS RADS NOV;

LOSERS- LKQX MA BIDU KCI ZUMZ HMSY LIFC PCLN GSOL TDG GEO;

A big divergence between very bullish internals in the IBD 100 index and crummy action in the banks and brokers. Probably a draw with the market ending the day not far from where it began.