THE OPEN

Lots of giddiness as the markets open higher and the SPX trades above its all time CLOSING high of 1,528+. Of course the question is, where will it close?

Anyhow, strong sectors include silvers (buy the pullbacks on SSRI?), metals, retail, homies, brokers, oils, real estate, biotechs, internets large cap growth and small caps. Laggards inlcude semis and defense.

Key stocks generally higher with GS LM MA BAM SLG AA MDT TGT CAT COP HAL GOOG AAPL BIIB ISRG GRMN AMZN all higher while LLTC MXIM CTSH CHKP INFY XLNX ERTS

HON NSM CSC TXN DELL and DOW all trade lower.

Market internals are strong with about 1,180 net green on the NYSE and 660 net green on the NAZ.

The OEX is about 4/1 ups to downs while the NDX is a hair over 50/50. The SPX has about 350 up and 150 down.

IBD 100 has about 70 up and 30 down with NGA CNS TBSI GSOL DXPE BWLD RS and EML leading and SPTN GME VCLK CYNO NILE EDU and ICE lagging.

Volatility indexes are lower with the VIX near the 12.5 level and about 5% under its 10 day SMA.

Fly in the ointment today are the SEMIS which are trading down more than .5% and the SMH is lower by almost a full percent to $36.94.

My take, we will continue to bounce around as this just doesn't look like we will bust through today.