Markets open higher this morning with the Russell Small Cap Index (IWM) leading the way. IWM is higher by .75%, or the equivalent of 91 DJIA points. The DJIA is actually up 31, NAZ+6 and the SPX +1.5.

Sector leaders include airlines, metals, semis, small caps, drugs, brokers and biotechs. Biggest losers include oils, retail and trannies. Interesting how the SOX is up 1% while the NDX is only higher by .2%, so maybe a little allocation into semis over the last few days.

Market internals are bullish with a +800 reading on NYSE and +700 on the NAZ.

The 10 year Bond rate is back down to 4.66% and don't be surprised if more alligator's switch out of fixed income and buy equities.

DJIA stocks higher include PFE BA HD GE and INTC with lower prices on DD VZ MO XOM and T. A bullish 21 up and 9 down a I type. Always as I type.