MIDDAY MARKETS

Markets continue to trade higher led by the RUT/NDX group. Also, suprisingly, the MID's are now up more year to day than both the SPX and the DJIA. Who would have thought MIDCAPS with all the LARGE CAP blather on TV. Although market now selling off on MBIA capital shortfall news with the financials leading the way lower.

Strongest sectors- emerging markets, semis, real estate, tech, oils and homies while metals, airlines and internets lag.

Key stocks acting very well with NVDA ICE LVS POT INTC MSFT leading and MCD AMZN BG TIF DECK MS KO BAC lagging;

NYSE - 1,700 net winners;

NAZ- 1,250 net winners;

NDX- 85 GREEN;

OEX-90 GREEN;

IBD 100-85 GREEN;

IBD 20- 17 out of 20 green led by MOS FSLR POT GILD WFT CME AAPL;

VIX - now about 10% under the 10 day SMA and flashing sell;

Up volume about 4X Down volume;

And for the first time in a while, More New Highs then New Lows on the NYSE- 78/57- still red on the NAZ- 33/87;

Technically, the SPX just broke above the 200 SMA at 1,484, so curious to see if they can close above the line. Other numbers to watch, NDX 2,120 the high of the other day and the 50 SMA.