noon look

The markets continue to trade higher with the DJIA +213, NAZ +62 and the SPX +23.5. RUT/MID's much stronger higher by almost 3% each.

Strongest sectors- homies, brokers, gaming, trannis and semis while utils, metals, bonds and drugs lag.

WINNERS- BLK NGS ISYS ISRG PCLN BIDU VRTX AKAM BRCM NVDA C F COF GOOG ATI GM FDX RIMM POT;

LOSERS- HES LEH CCU BK AEP SLE SO EXC ETR GE JNJ KFT RTN HANS DISH TEVA BEAS YHOO;

NYSE- 5/1 winners to losers;

NAZ- 3/1 winners to losers;

NDX - 94 GREEN;

OEX- 75 GREEN;

IBD -93 GREEN;

VIX - up 5.5% on the ramp after falling hard in front of the 3 day weekend;

Up volume 5.5X Down - on what appears to be light trading;

CAC closes down .5% and FTSE -.9%;

EWA up 3.4%;

Areas to watch on SPX - 50% retracement area near 1380- 50 SMA near 1345 (support)-

And check out Steve "free markets" Forbes as he asks for lots of help in his most recent editorial;

More news on the the conservatives favorite republican candidate - the old John McLame;

Some shrewd observations on bubblevision as commentators ask each other if the markets have bottomed- Well QQQQ is about 8% off the bottom (41.05) and the SPX is almost 8% off the ground (1253). Both are above their down trending 50 SMA.