PRE OPEN HIGHLIGHTS

Checking the chart, the DJIA looks a bit stretched with its 2 day RSI reading over 90 and overbought stochastics. The 8/21 day SMA's also quite a bit below the current reading so a pullback (to be bought) would not be surprising. And of course the DJIA moved in a 28 point range on Friday, so maybe volatility will pick up a bit as it probably reverts.

In the News:

YHOO target raised to $38 from $32 at Oppenheimer; EXPD upgraded to overweight at HSBC and target raised to $51 from $48; SNDK upgraded to Buy and added to Conviction Buy list at GS; PVH target raised at B of A to $60 from $56; WMT beats by 3 cents and guides in line; VMC to acquire FRK in $4.6 B cash and stock;

Ticker Sense Blogger Sentiment poll- 32.4% Bulls, 29.4% Bears and 38.2% Neutral- Me, Neutral after the nice runup.

Mentioned positively in Barron's were SNE ERTS BFB among others.

Gapping up- FRK XMSR NYNY SIRI CELL SMG WMT ERTS.

Gapping down- SNDK ENCY MOVI VSEA JBLU LRCX NVS.

Oh, SIRI and XMSR to merge (maybe).