MIXED OPENING

Markets open with tech stocks getting sold and oil stocks being bought on the heels of the big "sell tech" call by Jimmy Cramer.

Sector winners include oils, metals, retail, drugs, brokers, biotech and large cap value; to the downside are tech, semis, airlines, GOOG, small caps and gaming.

Interesting how with the sour tech outlook the NDX, lower by 8, still has about 55 winners to 45 losers while the OEX has about 75 winners and 25 losers. The big SPX has way more winners than losers with about 350 up and 150 down. Not sure if tech will bring the markets down or the big caps will bring techs up but I suspect the latter.

Market internals are +600 on the NYSE and -350 on the NAZ.

Key stocks including INTC GOOG AAPL GS ICE MS and KLAC are all lower while MER is higher by 34 cents after stellar earnings.

Leading the DJIA higher (24 up 6 down) are AA VZ T XOM PFE and HD while INTC IBM HPQ GE and KO are the biggest losers.