MIDDAY MARKETS

Equities are mixed with NAZ green and the DJIA red while the SPX is flat- clear strength in tech thanks to RIMM and ORCL while weakness in BA PG and CAT.

Strongest sectors nat gas, biotech, banks metals and semis while airlines, gaming, retail, real estate and ags lag.

NYSE-425 net losers;

NAZ- 60 net winners;

SPX- 175/320;

NDX- 47 GREEN;

VIX- higher by 1.5% at 22.85 and about 4% above the SMA 10.

TRIN- .72- as BAC and C skew it to the bullish side.

The dollar causing all kinds of problems for equities but surprisingly gold is still green and has bounced from the lows- thinking we are heading lower and putting out shorts with SDS.