MIDDAY HEADS UP

Markets have taken off higher on the IBM news which broke earlier ($15B buyback) as the DJIA +130, NAZ +25 and SPX +12.

Strong sectors- homies, semis, oils, retail, metals, small caps, biotech and mid caps;

More than 2,500 net gainers on the NYSE/NAZ;

NDX/OEX- over 80 of the 100 in the green;

Interesting how the former leaders are down and out today including GOOG GRMN MA BIDU AMZN GS- New life coming to INTC KLAC SMH MSFT C NYX TIF PG;

Congrats to the guy in the picture for being bullish every day he has been employed at CNBC - for finally nailing it. Bullish and suggesting buying the markets every day since DJIA 14K.

And a heads up as the 50 SMA on the SPX about 8 points away at 1,392. Oh and it is down sloping and down trending- Should bring in sellers unless we gap above later in the week.