LUNCH TIME LOOK

Markets actually not so horrible with internals on the green side at the NDX/OEX/IBD 100- The bad places to be - financials and big cap tech. AAPL BIDU RIMM GOOG all solidly red while the XLK is flat. Also, note the NYSE internals- 1450 GREEN and 1550 RED-

GS BSC LEH LM MER MS TROW NDAQ NYX AIG BAC C JPM USB WFC all also red as the financials only see negative moves for now.

Metals, oils, ags, trannies, biotechs and retail leading while airlines, homies, financials, insurance and brokers do their usual thing.

Up/Down volume also near the flat line;

VIX- nearing the flat line;

TRIN- 1.03;

An afternoon bounce would not be surprising as we are quite oversold after the sell offs from Thurday and Friday last week.

WINNERS- NEU TITN MTL AUY SWN GGB ABV NGS TTES CDNS NTAP EXPD ESRX CEPH MICC MRVL STLD CTAS SLE AA WY AES COP BK ETR AVP CMCSA CAT;

LOSERS- F LEH BA AAPL RF GOOG UTX C HIG S GS UNH AMLN UAUA APOL HOLX AKAM JNPR GRMN JNPR QCOM RIMM TLAB;

Oh and check the price of GLD- up another 1% at $97.3 while the HUI is higher by another 3%;

AUY FCX GDX GMO PAAS SSRI all ripping higher - silver also up 2%;