MORNING THOUGHT

Markets are trading near the flat line with the key word being resilience. The DJIA +7, NAZ +7.5 and the SPX +1.75.

Strong sectors include metals, steel, oil service, homies and semis while utils, real estate, financials and trannies lag.

Key stocks- 27/40 green led by TIF UA NVDA POT DE LVSY and NYX while CELG GS BAC MCD RIMM KLAC and C are red.

NYSE/NAZ flattish internals;

NDX- 65 GREEN;

OEX-50 GREEN;

IBD- 70 GREEN;

VIX- down 3% at/near 17- 7% under the SMA 10;

Up volume a bit better than down;

TRIN- .68;

Gold -881;

Crude- 125.5;

Looks like metals / commodities/tech are holding the markets up this morning with the financials lagging- just check GS XLF BKX etc- so another later day sell off would not be surprising as the financials start to drag the rest of the market lower later.