NOON BORE

Markets continue to bounce around as the 1,490 level on the SPX and 13,360 level on the DJIA continues to be resistance. It wouldn't surprise me if it gets taken out before the day is done but certainly the levels worth watching.

Strong sectors- China, metals, brokers, oils, financials, biotechs, - weak links- airlines, gaming, retail and internets.

Key stocks- a bit more winning than losing- Winners- UA MER ISRG BIDU POT ICE VMW XOM AAPL- Losers- TIF WYNN CAT NYX BG MSFT BAC INTC DECK KLAC COST;

Internals- NYSE/NAZ -FLATTISH;

OEX -57 WINNERS- MER ATI NXY LEH CI WMB AVP BNI PEP;

NDX -40 WINNERS- QCOM MNST ISRG MICC GILD JOYG NIHD AMAT AKAM;

IBD 100-75 WINNERS- SSRX MDR FSTR STP TELOZ OII YGE BGC CHL KWK;

Biggest Losers- LKQX GSOL TTES DLB ININ HMSY VIVO SJR TGT DIS TWX LTD RF CCU CAT SHLD LAMR YHOO XMSR WYNN TLAB ROST SIRI DISH;

VIX flattish and under the 10 day SMA;

Up volume a bit better than Down volume;

MER is up 5.5% on the Thain news while NYX is down about 1%. My guess, by NYX sell MER;

Other stuff:

Ags acting well with AGU DE MON MOS POT the leaders;

Banks- not so good with AIB BAC MTB WB WFC the leaders in the red;

Gaming all red with IGT and WYNN the biggest losers;

Media - red as usual with DIS LCAPA TWX the worst of the group;

Metals-higher as usual led by FCX GDX PAAS RIO SSRI;

Oils mainly green- leaders- APA APC CAM DVN HP NFX NXY PWE SU XTO;

Real estate retail and tech mainly red;

And is AROD headed back to the Bronx?