Dividend.com: Midday Update

The market is not performing well as we head into the midday. Sellers continue to outpace buyers, despite the numerous analyst upgrades we reported this morning. Let's zero in on the action.

Bullish

Obama-care Plays: Cigna(CI Quote), UnitedHealth Group(UNH Quote), Aetna(AET Quote) and WellPoint(WLP Quote) are all trading nicely to the upside.

Upgrades: Dicks Sporting Goods(DKS Quote), Marvell Technology(MRVL Quote), Steel Dynamics(STLD Quote), and Anadarko Petroleum(APC Quote) are managing to hold on to early gains.

Shanda Interactive(SNDA Quote): Holding up well on this weak market tape.

Bearish

Downgrades: BJ's Wholesale Club(BJ Quote) and Bank of NY/Mellon(BK Quote) are getting hit on this morning's Wall Street downgrades.

Oil(USO Quote): Prices are lower and that is dragging oil-related plays like Chevron(CVX Quote), BP plc(BP Quote) and Transocean Ltd.(RIG Quote) down as well.

Transports: Rails are down with Burlington Northern Sante Fe(BNI Quote) leading the way lower.

High-Beta Financial plays: MasterCard(MA Quote) and Blackrock(BLK Quote) are performing poorly today.

Fertilizer plays: Potash Corp(POT Quote) and Mosaic(MOS Quote) are leading the way lower.

Retail Plays: Coach(COH Quote) and Sears Holdings(SHLD Quote) are not showing any signs of recent leadership.

Other Well-Known Poor Performers: American International Group's(AIG Quote) reverse split last week was a big win for short-sellers to reload at higher prices. Boeing(BA Quote) has broken below $40.

High-Beta Trouble: Green Mountain Coffee Roasters(GMCR Quote) and Intuitive Surgical(ISRG Quote) are trading lower.

Internet Giants: Google(GOOG Quote) is threatening to break below $400, while Amazon(AMZN Quote) is showing some weakness again.

Oil(USO Quote) prices are lower again today, as Monday's afternoon rally gains have evaporated so far today. Gold(GLD Quote) is trading flat today, while Treasuries(TLT Quote) are starting to see some buyers. The market is not getting much help from transport plays.

I am continuing to watch FedEx(FDX Quote) for evidence the packaged-goods play is going to be the gauge to watch. Financials are fairly flat to slightly down. We have not seen any noticeable strength in that sector for a while as well.