MIXED OPEN

Markets are chopping around once again as the futures sold in the pre market on the heels of crummy news on GDP/Inflation.

Strong sectors include silver stocks, metals, defense, large cap growth and internets. Leading lower are airlines, homies, gaming, semis, small caps, trannies, oils and retail.

Strong stocks include MSFT BAM BIDU GE CME NYX and EBAY. Lower are GS MER BSC BOT ICE VLO RIMM TIF KSS IBN and AMZN.

Market internals are weak with about 1,000 green and 1,880 red on the NYSE and 1,050 green and 1,675 red on the NAZ.

The OEX is about 3 up to 7 down while the NDX is 4 up to 6 down.

Biggest winners include FLEX MCHP MSFT SIRI MNST PCAR GE MMM CAT and ORCL.

Biggest losers IP FDX EP COP GM SO BRCM AMZN UAUA MRVL XLNX and SNDK.

Volatility indexes slightly higher and still trading above their respective 10 day SMA's.

I would not be looking to sell here as I expect more good news next week and higher prices. Hey, its a bull market and fighting it hasn't really been a great trade.