MORNING FLOAT

Markets are trading higher led by the "tech heavy NAZ" with the DJIA up 27, NAZ +12 and SPX +4.

Strongest sectors- airlines, steel, ags, banks and gaming while shipping, oil, metals, utils and real estate lags.

Key stocks- MON POT C DECK TIF NVDA WYNN green while UA V ISRG BIDU MER RIMM CAT all red.

NYSE- 660 net green;

NAZ- 700 net green;

NDX- 75 GREEN;

OEX-60 GREEN;

IBD- 45 GREEN;

VIX- down 2.5% at 18.15;

TRIN- 1.01- Up volume 1.5X down;

GOLD- 921;

CRUDE- 133;

The NDX is rebounding off the SMA 200 and the 50% retracement while the SPX is going along for the ride despite the downgrade by BOVE this morning. He downgraded MER LEH GS all to sells and they opened way down but have since recovered a bit.

I don't expect much movement today and tomorrow and I will be bailing this evening for a few days and will be back on Tuesday.