Stocks Off Highs, NASDAQ Weakest Index

Stocks are off their highs, even though the three major indexes in the green. The NASDAQ is in danger of going negative first, as it is only up 2 points. It had been up as much as 6 points earlier in the session. The Dow is up 64 points, but had been up as much as 80 points earlier in the session. The S&P 500 is up 4 points. Copper is negative as well, and is not indicating this move higher. This could be just a dead cat bounce, and we may be in for more pain tomorrow, as the weakness underlying the three indexes is troubling. When the markets are really ready to rally, the NASDAQ should be the index that is leading the way, not being the laggard. Names like Google GOOG, Apple AAPL and Baidu BIDU should be sharply higher, and they are not. This is something to watch for the rest of the trading session.