1.10.2007

OPENING MARKETS


Markets open generally lower with some green in the tech area. The DJIA is -35, NAZ-8 and SPX -4.

Strongest sectors are semis and airlines with metals, oils, biotech, trannies, brokers and banks leading lower.

The NDX has about 35 issues higher and 65 lower with AAPL SHLD MRVL greenest and BRCM ISRG MNST and ESRX the most red.

On the SPX 500, about 115 are higher and 385 lower with AA WU IPG AAPL and MU greenest and CMI BRCM XTO WWY NSU and JDSU the most red.

Overall, market internals are red 1,250 on NYSE and red 780 on NAZ.

GOOG MER MS GS all red while AAPL and KLAC are green.

The rates on the 10 year are moving up again and touching near the 4.7% area while crude is under $55 again. Crude inventory due at 10:30 and I expect shortcovering and higher prices regardless of the number. And how come I can't find T Boone anywhere now that oil is under $55?

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