MORNING THOUGHTS

Markets opened mixed this AM with no real news driving the trade in either direction. The DJIA is FLAT, NAZ -1 and SPX -4.5.

Strong sectors include metals, silvers, internets, defense, semis and retail while China, real estate, reits, brokers and banks are lagging.

Key stocks mostly mixed with DECK POT BG TIF NVDA AMZN higher and RIMM WYNN GE GRMN LVS MER ICE NYX lower.

NYSE - 250 net red;

NAZ-370 net red;

NDX -50 WINNERS;

OEX-30 WINNERS;

IBD 100- 65 WINNERS;

VIX higher by 4% and about 5% under the 10 day SMA;

May be time to buy for a short term trade as the markets don't seem to want to go down ahead of the beginning of the money and an anticipated santa rally.

SPX at 1,490 remains an area of resistance and buying here into that number may be a pretty good trade.

NDX - also may have a trade from this point into the 50 day SMA at 2,120.