OPENING SHOW

Markets open higher with the DJIA/NAZ leading the way. The R2K/IWM continues to lag and trade flat.

Strongest sectors include tech, semis, homies, brokers, large cap growth, financials, biotechs and airlines- Leading lower are oils, utilities, metals, drugs and trannies.

Market internals on the NYSE and NAZ are flat.

The NDX internals show 55 winners, OEX about the same and SPX about 270 in the green. So not much help there for direction.

Big winners today include MEDI NTAP QCOM BRCM BUD CAT ATI DELL and MS while the losers include BHI COP HAL WMB AA CKFR BIIB GENZ ERIC and MNST.

Volatility indexes aren't moving much and all of the above is suggesting that the market will probably chop around most of the day which is not unusual after two good trending days.