FLAT OPEN

Markets open/trade mixed on the heels of a "the gift" from Iran as they promise to release the British hostages. Crude is trading about 80 cents lower on the news so anyone expecting the price to rapidly fall back into the 50's on the news is probably at/near disappointment.

Strong sectors include metals, semis, airlines, drugs and biotechs. Weak links include oils, gaming, homies, real estate and small cap value.

Key stocks generally lower as all the brokers are red; xchanges generally green; tech green with AAPL GOOG INTC and HHH lower.

Market internals lower with a net 1,000 red between the NYSE and NAZ.

The OEX/SPX are about 3/2 red while the NDX is evenly split between winners and losers.

Strong stocks include CHKP VRTX XMSR LRCX MRVL CELG MSFT TXN XRX F and BDK.

Losers include DOW IP LTD COP EP DIS MEDI MNST GRMN NIHD LAMR ROST CTSH and CHRW.

For what its worth, days after big trend days are generally choppy and that is what I expect for today's trade. Again, we have 1,440 as resistance and fear of missing below; so again probably choppy trading.