MIDDAY MARKETS

Markets hanging in pretty pretty well despite the rip in crude as the DJIA is -64 with 1/3 of the decline attributable to HPQ, NAZ -4 and SPX -2.4. The DJIA has had some lousy luck lately with components HPQ and AIG getting crushed on recent news.

Strongest sectors include Coal, oil, telecom, semis, oil service and steel while banks, metals, brokers, ags and homies lag.

NYSE- 200 net losers;

NAZ- 200 net losers;

NDX- 30 GREEN;

OEX- 40 GREEN;

IBD- 60 GREEN;

VIX- up 2% at 18.15;

Up and down volume almost even;

TRIN- .92 as more goes to winners;

Crude- new highs and now at $125.5;

Gold- $870;

EURO- $155;

Markets feel like they want to move higher and a move lower this afternoon in crude might be the catalyst. Financials trading ugly and a little boost there may also be in the cards.

Longs today in IBM WLT SMH NKE after being quickly in and out of NOV.

And I look so forward to the great insights of Dennis K. for the next 90 minutes. Wahoo.