Morning Check

Markets are a bit higher with the DJIA +24, NAZ +10.5 and SPX +3- The RUT/MID are both unchanged.

Strong sectors- oils, tech, defense, biotech and semis while gaming, retail, airlines, brokers, banks and homies lag.

Key stocks generally higher led by BIDU POT NVDA RIMM AAPL ISRG KLAC while MER TIF LVS MGM C MS UA DECK are lower;

NYSE breadth +170;

NAZ FLAT;

NDX- 75 GREEN;

OEX-60 GREEN;

IBD- 60 GREEN;

WINNERS- CLR CTRP RBN MOS AZZ BIDU LLTC STLD RIMM NVDA QCOM BRCM AAPL ORCL HON HNZ DELL HIG MO;

LOSERS- CCU S MER RF C TGT CBS MS APOL TLAB DISCA GRMN BBBY UAUA SHLD HANS HLF WMS TKC BVN JST GFA GEF;

VIX down 2%;

Up volume a hair less than down volume;

More Kramer nonsense as he harps on the uptick rule- Just remember -one could always short ETF's /futures on a downtick and buying puts- yeah there also.

Tech and oils are leading while financials are lagging- AAPL BIDU GOOG RIMM XLE VLO HOC FTO all nicely positive;

I suspect we get down to the SPX 1310 level early next week and I suspect that will be a nice entry level for a swing.