NOON LOOK

Markets are holding in well as the financials continue to lead. Banks, brokers, homies, metals and real estate the best performers while internets, drugs, retails, airlines and defense lags.

Key stocks- 34 out of 40 higher led by MS VMW CAT BIDU UA NYX LVS MA POT and BAC while CELG TIF AMZN RIMM MGM are lower.

Market internals are pointing to a strong afternoon session as NDX has 7/3 up to down, OEX 7.5/2.5 green to red while IBD 100- also 7/3.

NYSE/NAZ - 1,600 net green;

VIX down slightly and about 10% under the 10 day SMA;

Up to Down volume- 2.5/1 in the green;

All the banks brokers and exchanges still green which should bode well for another leg higher this afternoon. A move lower later in the week would not be surprising as markets are definitely over bought in the short term.