AFTERNOON TRADE

Markets have flipped back to green led by the NDX after the CFC bankruptcy denial- leading the markets higher are metals, drugs, emerging markets, biotech, semis, tech and oil service while airlines, brokers, homies and banks are lagging.

Key stocks- generally higher led by NVDA VMW BIDU ICE RIMM MA WYNN MO BG and AAPL- lower are ISRG GRMN C MS BAC MTW MER MSFT LVS GS and CME;

NDX/OEX internals equal at 65/35 green to red;

NYSE- 650 net green;

NAZ - 265 net green;

IBD 100-7/30;

VIX -lower by 4.5%;

10 year Bond- 3.861%

WINNERS- CMED TISI HRBN ABAX DSX DWSN VIVO DLB BIDU KWK GME MRK EP EMC ABT AMGN EXC BAX TXN BMY TGT LEAP SBUX NVDA VRTX HANS BRCM JOYG AMGN;

LOSERS- UAUA ISRG RYAAY CHRW GRMN AKAM BIIB MRVL PCAR AA RF CCU HPQ C UTX MS USB BAC BOOM CYBS TDG KOP SLT DNR EDU WFR;

Also flying high are EWZ- Brazil; EWA-Australia; EEB- BRIC;

I still think the lows on the QQQQ from yesterday will hold in the intermediate term and will look to buy any pullbacks with a stop near those levels. Also note how the laughing bears generally show near the bottom.