The markets gave up this morning's brief pop at the open, and we are trading mostly flat to down at this time. Let's take a look at what traders may want to keep on the radar as we get ready to head into midday.

Bullish

Treasuries

(TLT) - Get Report

: Bonds are once again outpacing the equity markets. It may last just a touch longer, but not sure how many fund managers want to be showing they were long bonds at quarter-end.

Commodity Bounce

: We're seeing some shares trading in the green in the early afternoon. Watch

Potash

(POT)

and

Freeport McMoRan

(FCX) - Get Report

as early leaders.

Boston Scientific

(BSX) - Get Report

: Seeing an early pop on positive implantable device news.

Analyst upgrades

: Shares of

Goldman Sachs

(GS) - Get Report

,

Motorola

(MOT)

,

Conagra Foods

(CAG) - Get Report

,

Red Hat

(RHT) - Get Report

,

Starbucks

(SBUX) - Get Report

,

Palm

(PALM)

and

Rio Tinto

(RTP) - Get Report

are holding up well.

Bearish

Boeing

(BA) - Get Report

: Selling off on news of 787 test flight delay.

Rambus

(RMBS) - Get Report

: Trading lower after the company warned about earnings guidance.

PerkinElmer

(PKI) - Get Report

: Shares trading lower on analyst downgrade.

China Plays

Baidu

(BIDU) - Get Report

,

Shanda Interactive

(SNDA)

and

Netease.com

(NTES) - Get Report

are down once again.

Airlines

: Sector downgrade this morning pulling down airline stocks. Watching

Continental

(CAL) - Get Report

as a gauge.

If you were long the Ultrashort plays and your stops were hit this morning on the brief dip, don't worry about it. Even though the SRS/SKF are up again now, discipline is a key if you aer looking to trade for consistent profits.

If you are looking to go long stocks at these levels, I would suggest a scaling-in strategy. Shares of SNDA are getting attractive at the $50 level. I would begin to take a small position and keep some capital to add to the name if necessary. I prefer adding to shares that are rising, but we may not know if $50 is the near-term low for SNDA, so it is prudent to keep some capital around for a second entry into the stock.

I would watch

Goldman Sachs

(GS) - Get Report

and

FedEx

(FDX) - Get Report

for my best gauges to see if the markets have a chance to stabilize this afternoon.

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At the time of publication, the author had no positions in stocks mentioned, although positions may change at any time.

Tom Reese and Paul Rubillo are senior editors of Dividend.com. Visit Dividend.com for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.