NOON CHECK

Markets continue to trade mixed with the NAZ/NDX/TECH trading higher while big caps continue to lag. The RUT/MIDs also trading up with small cap value leading.

Strongest sectors- airlines, homies, retail, financials and utils while metals, oils, drugs, emerging markets and large cap value lags.

Key stocks- half are in the green including DECK ISRG NVDA GRMN UA AAPL GS COST MO MSFT while the losers include MA BG POT RIMM XOM CROX ICE and MTW;

NYSE internals - 600 net losers;

NAZ internals -130 net losers;

NDX internals -60 WINNERS;

OEX internals- 50 WINNERS;

IBD 100- 30 WINNERS;

BIGGEST WINNERS- CRNT CYNO ISRG NVDA VMW GRMN BDK ORCL WFC MRK DIS AES XRX ETR GS LVLT ROST SNDK XMSR SPLS MNST LOW;

BIGGEST LOSERS- MICC SEPR SGP ERIC RIMM ESRX EBAY MXIM NXY COP SLB CVX WY EP MMM FSTR LIFC VSEC OII BTJ EXM MR DSX;

VIX index FLAT and about 20% above the 10 day SMA;

Up volume- 320M Down volume 380M so just slightly more to the downside;

TRIN .91 and its been down each of the last 5 days- BUY SIGNAL along with VIX and 2 day RSI signals;

NYSE new highs-14

NYSE new lows-170

NAZ new highs-45

NAZ new lows-282

Markets actually looking pretty good as they improve as I type. The strength in small cap value is pretty surprising (up 1%) as its been the worst performer of the year.