MOVING UP

The DJIA is lagging the other indexes as a big chunk of the DOW, BA, has run into a little problem with its Dreamliner plane. BA is down over 3% and is hitting the DJIA by about 25 points. Other DJIA losers include AA AIG HON CAT UTX JPM C GM DD AXP and HD.

The TECH heavy NDX/NAZ are flat or slightly higher while the SPX is down about 6 points.

Strong sectors include metals, oil service, biotech, gaming, real estate and reits while defense, banks, airlines, trannies and semis lag.

NYSE internals red 550 after being about red 1,000 earlier in the session so creeping up and maybe indicating a little jig into the close;

NAZ internals red 490;

OEX 30 WINNERS;

NDX 40 WINNERS;

SPX 160 WINNERS;

BIGGEST GAINERS- COST AKAM SIRI WYNN CELG BHI CSC EMC TYC GOOG BUD ORCL BCSI VSEC HDNG CRNT TBSI PCU FTI;

BIGGEST LOSERS- HMSY LAYN OMCL HURN TKC PCP ATI AA BA RF MS AIG WY PETM PCAR XLNX WFMI ATVI KLAC;

Key stocks - 14 up and 26 down- Leaders- COST WYNN LVS CELG BG MA GOOG IBB MER ISRG; LOSERS- KLAC MTW MS NVDA WFC CAT NYX JPM GRMN GS;

For folks that are under invested that wanted to buy dips- well its dipping- 2 day RSI numbers now near 50 on major indexes and note the strength in the NDX/NAZ- the place to be (probably) once we start heading north again (this afternoon?). The weakness in BA and the aero/def group may be giving a little opportunity to buy the ITA which has been a great performer.