OPENING TAKE

As usual, the markets open mixed with internals mildly bullish as 1,100 more issues are higher than lower.

Best performing sectors are metals, biotechs and small caps with laggards being internets, oils, semis and techs. Brokers and banks trade flat with the GS MER BSC LEH all trading near the unchanged lines.

The DJIA is a tad higher with the winners being DD AA WMT BA and T; losers include INTC XOM MCD DIS and GE.

I am/will/would watch the SMH and the TECHS for market direction as they have been leading and if they break lower expect the major market indexes to follow and vice versa.