THE OPEN

The markets open higher as the DJIA is +35, NAZ+12 and SPX +4. The day has snoozefest written all over it in my opinion, but the day has another 6 hours to go.

Strongest sectors include gaming as MGM makes a new high, networking, semis, biotechs, tech, brokers and retail. The oils and metals continue to lag while COP, mentioned very favorably in Barrons is up 2.5% as the stock is perceived as very cheap compared to its peers at 7x earnings.

Market internals are green at + 550 on both the NYSE and the NAZ.

Small caps look to be underperforming as liquidity seems to be moving to the big caps for today anyway.

Brokers look to be back to their old tricks of moving higher as all the standards are up about 1% on the heels of lots of deal news.