MIDDAY CHECK

Markets are hanging in and trading higher - DJIA +145, NAZ +10 and SPX +17.

Strong sectors include ags, oils, telecoms, shipping and utils while reits, real estate and gaming lags.

NYSE- 1500 net winners;

NAZ- 760 net winners;

NDX- 66 GREEN;

OEX- 80 GREEN;

WINNERS- S NOV AES EP WMB CI HAL NIHD LEAP CTSH FLEX AMAT STLD MRK CVX XOM KO T MCD;

LOSERS- MMM WMT MSFT HPQ UTX RIMM SNDK WYNN SHLD XRAY MRVL VRTX TGT EXC MA ALL HIG GOOG CBS COF;

VIX- moving down to the 62 level;

Up volume almost 4X down;

Seems like a classic buy the dip day as some of the volatility seems to have left for now- SPX/DJIA the strongest areas while DIG looks good and banks not so good;

RSI (2) levels may be worth starting to look at and most major indexes now between 60 and 70;