AFTERNOON TELLS

Markets haven't moved a whole lot today but they are up a bit under .5% on average with the MID's being the best of the major indexes.

Strong sectors pretty clear- metals, oils, emerging markets, China, insurance, homies and banks while airlines, utils, internets and biotechs are lagging.

Key stocks- 25 out of 40 higher led by MA GRMN BG XOM AMZN JPM MTW and NVDA-- while BIDU MS C WYNN VMW LVS MSFT DECK and GE are lower.

NYSE/NAZ internals near the flat lines;

NDX -50 GREEN;

OEX 62 GREEN;

IBD 100- 72 GREEN;

Biggest winners- STP MA FSTR DRYS SDA MTL PKX CNH BUCY BBL GLNG BOOM BHP XMSR VRTX EXPD FLEX SIRI GRMN SPLS AMZN ORCL AIG XOM JPM TWX TXN ORCL BHI CSCO;

Biggest losers- MS C COF EP CCU MSFT VZ F CYNO CRNT ININ BIDU DSX WYNN SSRX VMW HMSY ARD CTSH JAVA INFY NIHD SYMC YHOO UAUA WFMI;

VIX down 7.5% and near the 10 day SMA;

Up vol- 620m Down vol- 400m;

TRIN- .75;

C can't seem to get out of its own way and the news on MS ($6B in write down coming) not helping the financial sectors although GS is higher by $2 and CME is up about $12.

Big cap tech not doing so great today as the NDX is barely green with XLK HHH MSFT EBAY all in the red.

VMW on the IBD 20 list may be in a nice pullback area down 15 points from its high and trading with RSI (2) of 7.

SPX seems to be range bound held tight by 1,490 on the bottom and 1,513 on the top. I suspect that break from either of those number could go far with a little support on the downside at the 200 day SMA at 1,480.