OPENING MARKETS

Markets open mostly lower with the DJIA -14, NAZ +2, and SPX -2.

Strongest sectors are tech, semis, internets, metals, software and large growth. Weakest are oils, emerging markets, trannies, biotech, drugs, homies, airlines and midcaps.

Market internals are weak with about 1,250 more shares lower than higher with a negative skew to the NYSE.

Internals on the indexes show about 175/325 up to down on SPX; 35/65 on NDX and 38/62 on the OEX.

Key stocks are mixed with AAPL ICE KLAC SMH higher; GS MER MS IAI IWM all lower and GOOG mixed.

Winners overall include NSM TXN F EBAY BRCM SUNW NUE and LM. Losers include LSI BMS BTU ROH BIIB MEDI and FISV.

The rate on the 10 year Bond continues to creep higher now approaching the 4.85% level.

For the daytraders, pivots on the YM are 12,640 12,695 and 12,607.