OPENING LOOK

The market opens a bit higher with market internals about 600 to the green. Leading sectors today are Metals (+1%) Reits (+.6%)reacting to the Ten Year Bond being back down to 4.84% and Tech with the Sox (+1%), Oils are trading a bit lower with the big oil inventory numbers coming out at 10:30 EST. AAPL +6% and SNDK +4.6% are leading the Big Cap tech group.

The SPY has already hit its head at 130.9, just a tad under the 131 resistance level. The NAZ internals showing only about 150 to the green are giving me a bit of a pause here. If the Naz internals do not improve I will either sit this one out or wait for lower prices to buy.