OPENING CHECK

Markets open higher led by PG/CTSH as both trade up over over 4%. Sector winners include the usual suspects- oils and metals with airlines, biotechs semis and small caps also higher. Losing spots include YHOO EBAY GOOG and GS.

Market internals also strong with 2,100 more winners than losers.

In addition to PG best performers in the DJIA include T CAT PFE HPQ and MSFT; biggest losers are AIG HON GE AA and HD.

OIH is nearing the $150 line and that was a sell signal the last time it hit and my guess is history will repeat as better entry points will reappear since the ETF has gone straight up for 20 points.