MIDDAY ACTION

Markets are mixed with the DJIA down 64- the SPX down 3 and the NAZ up - the RUT/MID are both higher.

Strongest sectors include metals, ags, shipping, gaming, banks and brokers while telecom, utils, drugs and defense lags.

NYSE- 275 net winners;

NAZ- FLAT;

NDX- 45 GREEN;

OEX- 33 GREEN;

IBD- 80 GREEN;

VIX higher by 3% at near 22;

Up volume a hair better than down;

GS was very strong early but has since given up over the gains while LEH continues to move steadily down as the short the pullup group seems to be in charge.

Oils looking good as crude hangs near the $137 level and XTO challenges all time highs near $70-

The rest of the day probably brings choppy trading so probably remaining on the sidelines for now.