AFTERNOON LOOK

Markets still higher but off the best levels- best sectors- homies, brokers, gaming, banks, real estate and telecom while oils, ags and metals lag.

NYSE- 1500 net winners;

NAZ- 975 net winners;

WINNERS- UAUA AMLN PCAR DISCA LINTA WB MER WY C IP LEH IP TIF LVS MGM TITN DXPE CMED IDSA CIR TRLG;

LOSERS- GMXR SYUT POT AGU CELG ARD WLL PVA DELL IACID GILD NVDA EP HAL WMB KO S SLB BHI AAPL;

VIX- only lower by 1.5% at 19.5;

Up volume 3X down on very very light numbers;

SPX at 1294 and seems to be struggling at the resistance numbers mentioned in the prior post- and check on the RUT which is way better and the NDX/NAZ which is way worse- DJIA +1.5% on the heels of big moves in AIG C BAC JPM AXP CAT BA.

Some interesting stuff from Birinyi on Cramer:

Januray 23 2008- "What do you call a 600 point swing to the upside after retesting a low? A bottom."

March 18- "Last Tuesday's rally was not the bottom of the market, but today's rally was."