NOON LULL

Markets traded lower this morning but seem to be turning as I type. The DJIA -14, NAZ -13 and SPX -3.

Strong sectors- insurance, financials, banks, utils and value while gaming, ags, trannies, airlines and drugs lag.

NYSE- 450 net losers;

NAZ- 740 net losers;

NDX - 30 WINNERS;

OEX- 44 WINNERS;

IBD- 15 WINNERS;

VIX- higher by 4%;

Down volume a bit more than Up;

GOLD/CRUDE/NAT GAS- all near the unchanged line;

EURO -1.59+;

Folks who didn't get in yesterday may be wanting to buy this dip today as the financials continue to trade well despite the major indexes in the red.

Indexes in the red - year to date:

SPX-7%

DJIA -5%

RUT -8%

MID-4%

NAZ -12%

So for everyone who was excited about the big caps- Midcaps were the place to be- less worse- OIH and XLE- both green on the year.

BESPOKE on the new big caps;

ADAM with Random Wild Bullishness;

Chris Perruna with the new BRK.A;