MIDDAY MUSE

Markets continue to trade mixed to up with strength in the NDX/tech as AAPL BIDU GOOG GRMN MSFT NVDA and YHOO are all nicely higher.

Strongest sectors include gaming, tech, reits, internets, software and large cap growth while airlines, homies, banks, oil service and semis lag.

NDX- 50 WINNERS- GRMN WYNN BBBY NVDA AAPL MSFT RIMM NTAP AMZN EXPD;

OEX- 60 WINNERS- EMC AES MSFT F LTD GOOG ATI KO DOW DELL GS;.

IBD 100- 67 WINNERS- CRNT JRJC EXM SCHN SNDA BHP FSTR BBL BCSI SNHY BIDU GRMN;

NYSE /NAZ internals FLAT;

UP Volume- 323

Down Volume- 283

VIX- FLATTISH;

Surprising to see the breadth on the OEX better than the NDX since the NDX is +.83% and the OEX +.1%;

The weakness in the banks also maybe a hint that the close/near term direction may not be straight up.

C-1.2%

BAC-.8%

JPM -1.3%

MTB -.93%

WB-.92%

WFC-.63%

Other Big caps not participating include CME GE MO MS MER XOM BSC EBAY SLB COF ROK LEH ABT SGP PFE ;

Two day RSI's on Big indexes:

SPX 74

OEX 80

DJIA 85

RUT 68

MID 51

NDX 91

COMPQ 89

Note it will probably be hard for indexes to make any headway with out the RUT/MIDs which again are lagging behind.