HIGHER OPEN

Markets open higher on the heels of European markets and some good economic data. Leading higher are the small caps and mid caps.

Strongest sectors include gaming, metals, reits, utilities, airlines and drugs; lagging are semis, tech and biotech.

Winning stocks include RYAAY NVDA UAUA JOYG MICC GRMN GILD GM EXC CAT ETR EP VZ MS CF DRYS TBSI MTL DSX PCR CMED and EDU.

Losers include SIMO TLVT CMG AMZN AVP AMGN IBM BAX DIS TWX NSM IACI NTAP ERIC BEAS VLO TXN CME SYK and PG.

Market internals are very strong with almost 2,000 more gainers than losers on the NYSE and 1,200 net green on the NAZ.

The NDX/OEX about 4 up to each downer while the IBD 100 has about 9 winners to every loser.

Volatility indexes coming down again and today lower by about 5.5% and still overbought at 5% above the 10 day SMA's.

Targets- how bout the 50% retracement on the SPX - about 1,505.