THE OPEN

Markets are off to a nice open as the SEMIS and NAZ lead the pack higher. The DJIA is flat while the NAZ is +7.5 and the SPX is +1.

Market internals are hinting at morning gains as the readings are +850 on NYSE and +670 on NAZ.

Strongest sectors include gaming, semis, small caps, tech brokers, biotech and drugs while metals, trannies, airlines, oils and retail lag.

The DJIA is evenly split among winners and losers with HPQ HON MMM MSFT and MRK leading while BA XOM DIS CAT and AIG lag.

GS is trading up about .75% while AAPL and GOOG trade near the flatline.

Oil inventory numbers out in about 30 mins so watch those numbers as they will impact the indexes. Higher I suspect and lower for oil equities. Just a guess.