OPENING BORE

Markets open and they trade mixed with the mid caps trading slightly higher and the NAZ trading a bit lower on the heels of some unfriendly news from CSCO which trades lower by over 5%.

The crude report comes out bearish with bigger builds than anticipated and the oils trade lower on the news.

Strong sectors include emerging markets, semis, retail, real estate, metals, airlines, defense and midcaps. Leading lower are biotechs, internets, tech, brokers and exchanges.

Key stocks that trade higher include JPM BSC SLG TSO GILD INFY EBAY BHP RIMM AAPL and BIDU. Lower ones include BOT CME AIB FTO KLAC CSCO INTC GOOG WYNN and LVS.

Big cap winners include CDWC BEAS RIMM LINTA SNDK TXN NSM ATI IBM VZ and HAL.

IBD winners WAFR TNH GES GROW SSYS SNHY RIO and BWLD.

Big losers- PCLN OYOG GSOL ROCM MFW CSCO ORCL DIS TWX VMED and ERTS.

Market internals are flattish with the NYSE green and the NAZ red. The NDX is acting the worst with about 30 higher and 70 lower.

Volatility indexes also flat.

I anticipate a boring morning and afternoon fireworks on some fed nonsense.