THE OPEN

Markets open higher led by the NAZ and Small Cap Value. The DJIA +85, NAZ +18 and SPX +8.6.

Strongest sectors include metals, semis, retail, defense and oils while biotechs and financials lag.

Market internals net 1855 green on the NYSE and 1030 net green on the NAZ.

OEX: 83 GREEN - WINNERS- ATI GM INTC HD BHI MO WY EMC UTX AA;

LOSERS- WB COF LEH ALL HET S USB CAT TWX GS;

NDX: 80 GREEN- WINNERS- AAPL NVDA GRMN RIMM BBBY MRVL FLEX ADBE INTY CTSH; LOSERS- JOYG WYNN SIAL PDCO FISV BEAS EXPD ERTS INTU S LAMR;

IBD 100- 88 GREEN - WINNERS- ACH TKC LAYN DSX SNP SNHY VIP RIO MT CRNT;

LOSERS- HURC MA TTEC GMCR GPOR SPEC TRAK ESI HMSY;

VIX down 2% and trading at/near the 10 day SMA;

UP Volume about 4X Down volume;

Mixed messages again from the markets as the internals and tech look great while the banks/brokers refuse to cooperate. Red financials include BEN C MA USB BSC GS LEH MS;

Again, it will be hard for the markets to make headway with the financials acting so poorly.