MORNING TRADE

Markets open higher with the Mid caps leading the way (+1%).

Strongest sectors include oil service, mids/small caps, trannies, brokers, tech, biotech and retail while metals, homies and reits lag.

Winners - SHLD BEAS DISH LBTYA JNPR PTEN CSC EMC AA WMB HAL BNI HIG AMGN VSEC CF FTK DRC TBSI GES DRYS WMT TEX.

Losers- LKQX PVG CEDC SMSI FLIR WBD ARGN HMSY MORN STP ABT SO PG CSCO HD MNDT DD MCHP ALTR LOGI ERIC CHRW PAYX LAMR.

Market internals are bullish with 1,000 net gainers on the NYSE and 560 net green on the NAZ.

The NDX is about 3/2 up to down while the OEX is far better at 3/1 up to down.

The IBD 100 shows about 70 up and 30 lower.

The VIX is down about 7% and trades about 10% above its 10 day SMA.

Other stuff:

Ags are hot led by DE MTW and POT;

Xchanges- generally lower;

Bio- all green;

Consumer- mainly red;

Metals - red led lower by GDX GG PAAS SSRI;

Oils - led higher by APC CAM CNQ COP DO DVN FTO HOC HP NFX PXD RIG SU;

Retail - mixed with COH CROX DECK GES KSS SHLD TGT higher and BBBY COST HD PVH UA WFMI lower;

Tech - generally green led by AAPL AMZN HPQ KLAC RIMM and YHOO;

Up volume about 2x down volume;