Turnaround Thursday?

The market has fully erased its morning losses. I always prefer a market that opens weak, and then strengthens throughout the day. So let's hope the market can build on its gains into the close.

Chips stocks and brokers are leading the pack, with retail and biotech stocks not far behind. Interenet stocks are also doing well (EBAY, GOOG, YHOO). Big pharma stocks are sucking wind, with the DRG currently in the red.

And here is a list of stocks moving on above-average volume:

• High-volume advancers: LKQX, PKE, NX, SWN, UFPI, THE, CERN, AMHC, TDW, TRLG

• High-volume decliners:CRAI, ENWV, WLL, RIMM, FRX, CNC, RECN, WCG, MOH, TSCO

Long CERN, GOOG, TRLG