MIDDAY LOOK

Markets are trading a bit higher after yesterday's sell off on the heels of the Bhutto tragedy and the lousy durable goods numbers. Lots of folks are trying to pick stocks/sectors for next year and a little more on that over the next few days. Shockingly, few expect energy/metals to continue to be a good spot but most expect tech to do well.

Strongest sectors today include metals, oil service, telecom, defense, gaming and small caps while airlines, real estate, homies and biotech lag.

Key stocks- generally higher led by BG MTW WYNN POT INTC CAT AAPL GS RIMM and MGM while DECK VMW MS CELG BAC UA NVDA NYX and ISRG lag.

NYSE/NAZ internals slightly to the plus side;

NDX-55 WINNERS;

OEX-65 WINNERS;

IBD 100-70 WINNERS;

WINNERS- FTK SLT KOP TKC HDB ABAX WMS ININ LOGI RYAAY STLD CHRW PCAR JOYG JNPR ADBE WYNN SLB WMB LTD T EXC VZ CAT;

LOSERS- GM MS EK FDX F JPM WY LEH BA HRBN GSOL CPLA MICC FCSX VMW FMCN SID MICC SIRI SRCL UAUA AMLN FMCN LRCX VRTX;

Technically, the NDX/SPX/DJIA are all trading at/near their 50 day SMA's. The DJIA/SPX are also near their 200 SMA's so for all the folks who talk about volatility, the markets have hardly moved over the past several months. Obviously, lots of daily volatility but overall smack in the middle of the recent ranges.