OPENING NOTES

Markets have opened fairly flat with a slight positive tint to the trade. The DJIA is +4, NAZ COMP +5, and the SPX is +1.

Market internals show +600 on NYSE and +400 on the NAZ.

Sector leaders include airlines, semis, brokers, drugs and finanicials. Leading lower are metals, oils and biotechs.

Winners on the DJIA include AIG BA C and HPQ while DIS T VZ AA and HD lag.

Jim Cramer out this morning with a bullish call on the drug stocks. A way to play if you agree, is PPH or buy JNJ PFE and MRK and you will probably duplicate a drug index.

Don't forget that Jim is also bullish on oils, tech, retail, brokers, financials, internets, small caps, gold stocks, silver stocks, biotechs and probably all other sectors that trade on an exchange. So if you agree with him you can just buy the SPY/IWM /QQQQ and just like him, you will also have all your bases covered. And if you don't believe me, see how well he has made some "mad money" over on this site, which tracks his performance and even gives him the benefit of built in gains and no commisions. I didn't even realize he has lagged the DJIA big time and that is without the dividends.