MIDDAY SNOOZE

An uneventful day to say the least so far as the NDX/COMPQ is higher while the SPX/DJIA is slightly lower and the RUT/MID's are bringing up the rear down close to 3/4%.

Acting well are airlines, internets, tech, defense and trannies while retail, real estate, homies, oils, reits, oil service and brokers.

NYSE internals- 950 net losers;

NAZ internals-600 net losers;

NDX 55 WINNERS;

OEX 50 WINNERS;

IBD 100- 40 WINNERS;

WINNERS- MHJ JRJC NVT TDG CTRP EXM CF SNDA DRYS POT CSC GD EMC CSCO MRK CL ABT BA HIG FDX HPQ DISH EXPE YHOO GRMN ATVI UAUA CTSH CHKP GILD ADSK;

LOSERS- LOW BBBY PCAR SPLS SHLD MXIM CELG LAMR PETM LVLT ROST TGT LTD HD CVX COF MER LEH COP HAL WMT CAT FTK VSEC ARD WNR GPOR GMCR DWSN TKC AIRM ARGN;

VIX FLAT;

One of the more boring days on the street and I don't see much to report as the NDX continues with tech as the out performers. What looks interesting to buy:

DE

MTW

MS

AMGN

CELG

LVS/WYNN (should they ever come in)

FCX

XOM

XTO

And how bout SHLD, it used to be that it didn't matter that the SSS or profits were crummy, you are investing with one of the best, Eddie Lampert, and owned all that great real estate, well I guess the fundies have finally caught up with the hype and the stock goes down about every day. I could never understand the attraction but it was a great stock for a long time regardless of the lousy business.

Tech seems a bit over done here as the MSH has a 2 day RSI of 97 with AAPL at 98, AMZN 99, MOT 99, MSFT 92 RIMM 92 and XLK at 89.