OPENING CHECK

Markets opens a bit higher with the DJIA leading the way +25. Almost all the DJIA stocks are in the green led by BA UTX T MCD and IBM. The reds include AA GE and JNJ.

Market internals are slightly positive with NYSE +400 and NAZ +200.

Sector leaders include internets, oils, brokers, AAPL, semis and techs with losers being METALS and airlines.

SSRI was downgraded this AM and the stock is trading down 4% on the heels of that news and lower metal prices. I have mentioned many times that is one to buy on the dips.

Just on the wires, Fed's Pianalto says concerned about inflation and economic activity is moderating; and its appropriate for the FED to pause before judging if higher rates are necessary.

My guess is today the major market indexes just bounce around and don't get much steam in either direction.