THE OPEN

Markets open mixed with lots of early gyrations as the markets vacillate between the plus and minus side. The RUT seems to be acting best once again along with mids and growth.

Strong sectors include metals, real estate, retail, semis, trannies and defense while, homies, brokers, banks and airlines lag.

Market internals- NYSE +1200/NAZ +500;

The OEX:

60 up and 40 down-

Winners- AA EMC TYC BNI BUD LTD

Losers- COF LEH HIG BAX S ALL C

The NDX:

55 up and 45 down-

Winners- RIMM GRMN AKAM CTXS LOGI SNDK SHLD

Losers- EXPE INTU VRSN TLAB XRAY WFMI S APOL

IBD 100:

80 Winners 20 losers;

Winners- EXM FSTR BTJ CF BIDU VSDI UA

Losers- ROS OII TTEC HURN WNR SF VIVO AMZN

Volatility indexes lower by 4% on the VIX and 5% on VXO;

FWIW - BAC C CME GE GS MER MS XLF BSC JPM MTB WFC IBM HPQ AMGN CELG DNA SGP GILD INFY SAY VSL all lower;

COH COST CROX DECK GES PVH TGT TIF UA CFC BEN TROW ICE NDAQ NYX NMX BHP FCX GG PAAS SSRI all higher;