BIGGER OPEN

The see saw continues as the markets open higher on the heels of big up moves on the CAC/FTSE and other European bourses. The DJIA +97, NAZ+22 SPX +10.

Strong sectors include brokers, banks, biotechs, internets and retail while oil service, oils and utilities lag.

NYSE internals very BULLISH at +1400 and NAZ at +1100;

OEX-84 GREEN led by MCD LEH GM COF WFC WB RF T EMC TGT; LOSERS-COP SLB IP WMB TWX ABT ETR CPB DIS ATI NSM;

NDX-83 GREEN led by SEPR ERIC CTXS ERTS EBAY CELG XMSR QCOM JAVA ATVI; LOSERS- LBTYA XRAY LAMR ISRG EXPE TLAB FLEX AAPL LINTA WFMI;

VIX only lower by 2% and still in overbought territory- 7% above the 10 day SMA;

UP Volume 3x Down Volume;

Of interest:

CNH +3%

MA WB WFC - all about 2% higher;

BX +4.6%

LEH CME TROW NVS SGP- all about 2% higher;

MCD +3.4%

AAPL - slightly red;

EBAY +3%;

Two day RSI numbers in the middle of the range -

SPX56

DJIA 61

RUT 43

NDX 60

COMPQ 57

MIDS 45

OEX 60

Pretty easy to see from those numbers what is leading and what is lagging;