OPENING LOOK

Markets open higher led by the NAZ as YHOO gives folks an excuse to buy the markets. The question in my book is will the NAZ rally be sold and the prevailing lousy NAZ trend take hold.

Strongest sectors include internets, brokers, techs, semis, gaming and biotechs. Leading lower are metals, oils, trannies and airlines. Large cap growth is leading while GS and long time favorite SSRI have made new 52 week highs.

GOOG is up about $10, GS +$3.4, while AAPL MS MER IAI KLAC are all solidly green.

The NDX internals are solidly green with 80 higher and 20 lower, while the OEX shows about 65 green to 35 red and the big SPX 500 has about 300 up to 200 down.

The key today looks to be the NAZ, if that can hang in the markets probably have higher prices in front.