MORNING MARKETS

Markets open higher but have since come in and are looking a bit tired. The DJIA +22, SPX+3.5 and NAZ +6.

Strongest sectors are gaming, homies, metals, semis, retail, trannies, emerging markets, biotech, brokers and oils.

Weakest are reits, GOOG AAPL and GS.

Market internals are very strong with a green 1,500 on the NYSE and +750 on the NAZ.

Major index internals also very strong although off their best levels with the NDX 75/25; SPX 350/150 and OEX 70/30.

Besides the aforementioned red in GOOG AAPL and GS, other key stocks are green with CME ICE NYX MS and MER leading the way higher. BKX is trading flat while XBD is +.73% and IAI is +.71%.

Volatility indexes are red but the VIX/VXO combo haven't hit my 9.5/9.75 targets yet. That, IMVHO will be a sell signal.

The 10 year Bond rate looks like its heading higher after hitting lows this morning in the 4.77% range. Now back at 4.81% and I am keeping a watch there as they tend to run inversely to equities of late.