EARLY NOON STUFF

Markets continue to trade lower but there have been some signs of life as the NDX briefly turned green before turning back to the dark side. As I type, the DJIA is lower by 63, NAZ -7 and SPX lower by 7.

Strong sectors include oils, semis, utils and airlines while homies, financials, emerging markets, metals and internets lag.

Key stocks, 14 out of 40 lower with C MER JPM UA BAC JPM TIF ISRG the worst and BG WYNN POT KLAC AAPL MSFT and NVDA the best.

Market internals find about 1,000 net losers on the NYSE and 600 on the NAZ.

NDX -45 WINNERS led by DISH VRSN WYNN FLEX ESRX APOL while ERIC INFY AKAM YHOO RYAAY and NIHD are the worst;

OEX -30 WINNERS with AES MSFT CMCSA BHI NSM EP MCD the best and WFC GM WY C MER CSCO AA the worst;

IBD 100 - 25 WINNERS- TBSI BTJ CHL FLIR CMG TEF NILE SNDA POT EXM- losers- PKX SLT TRAK SNP HDB SSRX TISI;

Financials are acting punk again today while tech has some winners including AAPL GOOG BIDU HPQ MSFT IBM KLAC TXN; Semis also in the green up about .22% on the SOX;

VIX/VXO higher by about 3% and in buy territory;

Down Volume about 3X Up volume;

Other stuff:

Ags have BG and POT up nicely;

Banks all lower;

Brokers/Xchanges/Asset Managers lower with the exception of BSC and STT;

Biotech all lower;

Consumers green including K KMB KO MCD MO PEP PG SBUX;

Defense red;

Gaming- the usual suspects are green such as MGM LVS and WYNN;

Drugs- ugly;

Metals all red and perhaps a dip is warranted into RIO FCX GDX GG;

Retail- red with WRNC UA TIF M LTD HD CWTR CROX all ugly;