MIDDAY TAKE

Markets are still higher but well off their best levels- with airlines, retail, banks, gaming and telecom acting best while metals, oils, ags and shipping lag.

NYSE- 940 net winners;

NAZ- 580 net winners;

NDX/OEX 80 GREEN on each;

WINNERS- RF WB HD BAC F DD TGT UAUA RYAAY SBUX VMED SPLS LEAP BBBY URBN BWLD DXPE ARO AXYS ICLR;

LOSERS- ACI BUCY MEE HP NGS ARD CF GMXR TESO STLD FWLT JOYG GILD HOLX AKAM DELL WMB EP BHI COP AA SLB;

VIX- higher by 1.65% at/near 21;

Up volume not quite double down volume;

Value whooping up on growth with the RUT/MID way under performing the SPX/DJIA-

Note the SPX hit its head again at the 1300 level and for the first time in a while it feels like the markets will not end they day at the highs- just a feeling as the trend for the day is clearly down from the early highs.

One further note- the EURUSD seems to be carrying the markets - so just keep it on the radar as the market looks to go with the direction of the dollar.