MIDDAY TALK

Markets continue higher but well off their best levels of the day. The DJIA 12,000 and SPX 1,300 numbers were pretty good initial resistance. It will be interesting to see if they can put em in the rear view mirror before the end of the day- I doubt it.

Strongest sectors- banks, ags, oils, real estate, reits, brokers and metals while biotech, airlines, telecom and semis lag. And don' t look now, but crude is back to knocking on the $109 door.

NYSE- 1675 net winners;

NAZ- 990 net winners;

NDX- 75 GREEN;

OEX- 89 GREEN;

IBD 100- 85 GREEN;

WINNERS- HDB FSTR TKC MTL MOS JOYG MICC FMCN ISRG STLD APOL BBBY WB MS WFC COF C AXP RF POT FSLR PX STT RIG MTW;

LOSERS- LVS DECK CELG UA MCD ESRX VRTX AMLN NIHD QCOM FLEX AMGN XRAY S CI UNH TXN BA TGT RTN CPB CMCSA MRK;

VIX - 28.35 down 3.5%;

Up volume 5X Down volume;