OPENING LOOK

Markets open slightly higher with the DJIA approaching its all day high in the 12,580 area. Notably weak are the recently outperforming semis/tech and some of the brokers.

Strongest sectors include gaming, trannies, reits, airlines, brokers, drugs and biotech while semis, metals, INTC AMGN are all weaker.

Market internals opened strong but have weakened with a 45/55 winner to loser ratio on the NDX ; 60/40 ratio of W to L on the OEX; and the SPX has about 300 winners and 200 losers.

Overall, internals are +600 on the NYSE and +360 on the NAZ.

Key stocks have GOOG +$1.25, AAPL +$1.4, GS FLAT, ICE -$.90, MER $-.35, and MS-$.35.