MIDDAY LOOK

Markets have yet again filled the morning gap lower and are now trading in positive territory with the DJIA +6, NAZ +3 and SPX +1.

Strong sectors look good for the bulls with semis, brokers, retail, oil service, real estate and banks higher while telecom, gaming, biotech, drugs and airlines lag.

Markets internals have also flipped to flat to slightly green on the NDX/IBD 100;

VIX - down 1%;

TRIN- .80;

Up vol a bit better than down volume;

And Poole from the FED says - U.S. economy is limping along but he believes it will skirt a recession.

So with banks, brokers, semis, tech trading higher and leading a higher close near the 1,360 on the SPX would not be surprising - however- its very difficult to predict as sellers may again come in full force in the final half hour (yesterday).