MORNING ISSUES

Equities are trading higher but lots of cross currents - SPX +3.5, NAZ +2.5 and the DJIA +40.

Strongest sectors- airlines, gaming, defense, retail, consumers and small caps while metals, semis, tech, biotech, drugs and brokers lag.

NYSE- 920 net winners;

NAZ- 600 net winners;

SPX - 360 GREEN;

NDX- 56 GREEN;

TRIN- .81 with up volume 2.5x the down.

VIX- flat and trading a hair over the SMA 10.

Gold down about $11 while the dollar keeps moving higher and now at/near 77.

Cross currents- yea - indexes looking ok except for tech and the naz which are lagging after starting out in the lead - JNK trading ok while the dollar is lots higher- - for now going with strong internals and buying some dips IN THE DJIA /SPX.