THE OPEN

Markets open mixed with the DJIA and SPX green and the NDX/RUT red.

Strong sectors include oils, semis, silver, metals, defense, tech and homies while internets, airlines, utilities, biotechs and small caps.

Big winners include LOGI GRMN PCAR ERIC NSC ATI NSM IP SLB BA TXN PCR ABB TEX EDU DRYS NVT ACH BHP and CF.

Big losers included- GSOL TLVT AMZN CMED OPY FLIR VZ AES CBS UBN AVP BIIB BEAS WYNN MSFT SUNW and AKAM.

Market internals are flat with the NYSE at +300 and the NAZ at -200.

The OEX is 50/50 while the NDX is 65 up to 35 down.

IBD 100 very bullish with 75 up and 25 down.

Volatility indexes coming back down slowly as the VIX is lower by 6.5% and the VXO lower by 4%.

Other stuff:

Ag stocks are generally green led by DE IR MTW POT CAT BG;

Banks have turned green led by BAC AIB MA WB WFC - CFC crushed again and down by almost 4%;

Brokers generally green led by BSC CME ICE GS NYX TROW BEN - lower are MS NDAQ NMX;

Healthcare green led by SGP SNY ABT - lower are WLP LLY- (WLP may be a buy here);

Media lower with DJ down a buck as no one knows nuttin;

Metals higher led by BHP FCX GDX GG SSRI;

Oils higher with the exception of XOM- XLE OIH APC COP DVN FTO HOC HP PXD SLB TSO XEC XTO all nicely green;

Retail green led by COH CROX GES HD SHLD UA WFMI - lower are TIF (buying here) and M-

Tech mixed with AAPL AKAM AMZN EBAY HPQ IBM MSFT lower and BRCM NVDA and TXN outperforming;

Up volume starting to trounce down volume and yes I am long YM and NQ.