MIDDAY LOOK

Markets are gathering steam to the upside as DJIA 8,000 holds yet again- (for now)- we were down about 130 and now only down 50 on strength in energy and financials.

Strongest sectors- internets, metals, financials, real estate and biotech while gaming, shipping, homies, tech and utils lag.

NYSE- 600 net losers;

NAZ- 200 net losers;

NDX- 25 GREEN;

OEX- 33 GREEN;

VIX- flat at 43;

Down volume about 50% more than up;

TRIN- 1.04;

GOLD continues to move my way now near $930;

Tried some shorts earlier but was stopped out and now waiting to what the PM trade may bring. Not comfortable shorting when energy and financials lead- so that is probably a good hint.