MIXED OPEN

Markets open mixed after a higher than expected core PPI sent the Futures lower at the 8:30 AM release.

Leading sectors include homies, oils, metals and drugs. Leading lower are airlines, gaming, tranies, brokers, semis, banks and tech.

The NDX is down about 6 with about 40/60 the ratio between winners and losers while the OEX is down a bit less than a point but also with a 40/60 ratio between winners and losers.

The SPX is lower by a point and shows about 220 winners and 280 losers.

Overall, market internals are flat on the NYSE and red 250 on the NAZ. The rate on the 10 year Bond is up a hair to 4.755%.

A surprising winner on the day is KLAC while LINTA NTLI ADSK and LRCX are the best performers on the NDX. At the bottom of the list are LVLT INTC TLAB LLTC NVDA and RIMM again.

And T Boone is looking for a bottom on crude at 48/50, and that would not be surprising if he was right.