Oracle plans to buy chip company. Likely targets, $AMD $BRCM $XLNX, $ALTR. FPGA possible as $ORCL views IBM-Netezza. http://bit.ly/dkd7ol

Asia on fire after impressive Chinese industrial production data.

http://bit.ly/91os1h Default or inflation for the US? Ferguson sees no out for the US if history is a guide. $UUP

http://bit.ly/91os1h

Asia mixed Monday: $N225 up 0.69% showing unusual strength $KS11 Kospi up 0.21%, Shanghai Composite $SSEC (000001.SS) down 0.62%

$QQQ, late hour collapse. Markets that rally for no reason or on technicals, can fall for no reason.

$AAPL facing resistance@$260 range. Analysts expecting 7-8mil iPad sales, likely too bullish. Time to bail when optimism is fully priced in.

$SNDK up again on MS, Barron, IBD pump. Momentum doesn't seem to care that Samsung may have a greater iPad stake or that $SNDK quintupled.

$SDR (london) in play. http://bit.ly/cqqAsB

European markets up slightly on low volume.

$000001.ss down 4%, Nikkei 225 down 3.3%. Heng Seng shed losses but still in the red.