PRE OPEN LOOK

DJIA Futures about 18 points higher which would be almost half of yesterday's loss and put us within spitting distance of the "old" DJIA highs.

I may shift my buying focus to the NDX 100 as recenct laggards such as GOOG MSFT CSCO AMGN ORCL DELL INTC etc may be on some institutional "buy the dip" lists. And is that a cup and handle (almost) on the overbought NDX as it nears it's January high?


In the news:

UBS Upgrades WMFI to Buy from Neutral; PRU upgrades GG to Neutral from Overweight;

GOOG challenging MSFT by selling office suite online;

Off the radar is the 10 year bond trading back to the 4.724 area up 3 bps;

B of A cuts estimates on CME for q1 to $3.17 from $3.33 and cuts 2007 eps estimates to $14.75 from $15.35; they cite timing of expense savings with the BOT merger.

MS upgrades NSM to overweight from equal weight;

BRNC misses by 4 cents, revenue also short at $82.5 vs. $85.7 consensus;

Barron's reports EAC insider Brumley bought 40k shs for $24.7 from Feb 14 thru Feb 20.

SMH up almost 2% on the heels of ADI news;

Gapping up:

VLCK BRKR WFMI ADI LLTC NSM MXIM OSIP FBR OATS LEXG GMR and TXN.

Cramer bullish on UA CROX AUY MA RIG HAL NYX DVN MRVL BEAS.

Cramer bearish on GG HLX NRPH CHK.

WFMI buying OATS;

AAPL and CSCO agree to both use IPHONE name;

Wimbledon agrees to equal pay for women and men;