NO PROBLEM HERE

The market seems to be largely ignoring the MSFT Vista issue (was the reaction yesterday?) as it opens flat sans the NAZ which is very heavily weighted with MSFT. The market internals are flat and the Semi stocks which one would think would have a very negative reaction to this news is barely red. I have purchased some SMH (35.59) since the news seems to be ignored.

The SPY Pivot Point today is right at the 130 mark so also watch that point to see if they march through or get rejected.

The sectors moving so far include the metals (higher), Biotechs (lower) led by CEPH. There is no other movement worth noting.