MORNING MARKETS

Markets trade all over the board with the DJIA/SPX higher and NAZ/RUT lower as I type.

Strongest sectors- telecom, airlines, materials, ags, trannies and oils while internets, emerging markets, reits, semis and tech lag.

Key stocks- mixed- DECK AAPL POT CAT GRMN XOM RIMM C CELG MO higher and VMW ISRG BIDU AMZN KLAC CME GOOG MGM MCD MER KO lower;

NYSE- 540 net winners;

NAZ- FLAT;

OEX-65 WINNERS;

NDX-60 WINNERS;

Up volume almost Double Down volume;

TRIN- .9

VIX- 26.9 lower by 3% and heading under the 10 SMA;

Quick hits- Big Cap tech lagging - GOOG BIDU VMW MSFT EBAY HHH INTC etc- brokers mixed; banks generally strong despite rumors of a large JPM writeoff;

Looks like another buy the dip day but DJIA/SPX; refiners such as VLO FTO may also be good day trading vehicles (dips) as the VLO earnings were outstanding;