NOON LOOK

The early turnaround continues as the DJIA has flipped to red while the NAZ is the place to be up 23. Growth also outpacing value as growth is up about half a percent while value is red. Oil was also a big story hitting near $89 a barrel before turning south.

Key stocks about 28 up and 12 down with NVDA INTC JPM RIMM KLAC CROX the winners while UA ISRG POT BG MA XOM CELG the losers.

Market internals have also weekend considerably with NYSE showing 325 net winners and NAZ with about 300 net winners.

NDX/OEX both with a hair more than 50 winners.

IBD 100 much stronger with about 70 winners.

Biggest winners- SNP LFC CHL HDB NVDA VSEA CTRP MT GES SDA INTC JPM CI DELL MSFT HPQ KO BMY NXY TXN YHOO INFY SNDK CTSH AMAT FLEX KLAC;

Biggest losers- PCAR DISH ERIC ISRG LLTC FAST TLAB LOW APOL UTX IBM BDK AVP RF HD WFC MDT ORCL GM DOWN SII CMED TBSI HDNG GLNG VDSI ATW NILE;

IBM and UTX are the drag on the DJIA as there an equal amount of winners and losers on the big index. I am surprised that this sell off hasn't been bought although a few attempts have been made. Not betting big on either direction today as markets have already done what I didn't think they would.

Finally, FOX business channel remains way behind bloomberg and CNBC imvho and I am about done trying it out.