MIDDAY MARKETS

Markets have been up all day and are now a bit off their best levels. The DJIA +85, NAZ +22 and SPX +12.



Strong sectors include shipping, oils, gaming and defense while internets, drugs, banks and brokers lag.



NYSE- 1650 net winners;

NAZ- 985 net winners;

NDX- 80 GREEN;

OEX- 80+ GREEN;



VIX- down about 4% at/near 45;



Up volume 3.5X the down;



Gold +$12 at $908;







Markets seems to running into the wall at the 50% retrace - high of 945 and low of 741 on the SPX- but still seems likely that the markets move higher in the afternoon- internals very strong and the dips seem to be getting bought.



And finally, Power Lunch and The Call vying for worst shows on CNBC- Erin - been going down hill for a while.