MORNING MARKETS

Markets open mixed with big caps higher to mixed and small/mids/NAZ lower.

Strong sectors include oil service, brokers, drugs and biotech while small caps, airlines, retail and semis lag.

Market internals - green 300 on the NYSE and red 550 on the NAZ.

OEX: 60 GREEN 40 RED;

WINNERS- LTD CSC ORCL SLB CMCSA AMGN NXY AES HAL;

LOSERS- HD EMC TGT SO COF UTX EK PEP FDX RF ATI DELL;

NDX: 40 WINNERS 60 LOSERS;

WINNERS- JOYG ORCL GRMN MRVL ERTS CMCSA AMGN SEPR DISH TLAB

LOSERS- AKAM NIHD IACI PDCO XLNX MCHP SHLD RIMM FAST FLEX SNDK.

IBD 100: 50/50 between winners and losers;

WINNERS- GME WNR MTL MORN PCLN VDSI TTEC NOV GRMN;

LOSERS- CEDC GEO LKQX RADS ARGN ZUMZ SF AIRM FLIR BCSI;

Volatility indexes near the unchanged level but way under the 10 day SMA;

Probably a little too far too fast as the market needs some time to digest some gains. The 200 day SMA is about 10 points in the rear view and that remains a short term pullback target.

The financials gave it up yesterday afternoon and they are again struggling this morning despite the BAC/CFC news.

BAC C JPM MA MI MTB USB WFC all flat to red while CFC BSC GS LM CME ICE NYX all solidly green.

Stuff that I want to buy on the next pullback- GS IAI LVS LUK ITA EWA TROW BAM OIH - a start anyway.