FLAT OPEN

Markets open near the unchanged level as stocks appear to be consolidating their recent gains. Interesting how the EWA EEM EFA trio are all higher by about .5%.

Strongest sectors include metals, internets, bitoechs, gaming, semis and drugs while homies, retail and airlines lag.

NYSE internals -525;

NAZ internals -330;

OEX- 40 GREEN WINNERS- AES ATI T GS BDK TXN BA DD DELL NSM; LOSES- LTD HD CMCSA CBS WY TGT FDX COF GM GE EK CI;

NDX -40 GREEN- WINNERS- MICC SNDK XMSR DELL ALTR CTXS AMZN JNPR CELG FLEX GOOG; LOSERS- AKAM ERIC PETM INFY DISCA KLAC ROST SPLS BBBY SEPR;

IBD 100- 50 GREEN - WINNERS- PKX VSEC LWAY NILE POT MT PCP CLB BHP BBL TLVT NOV;

VIX FLAT;

Lots of Big Cap Red as AAPL BAC C GE JPM MO MS MSFT MER WFC all lower while CME GOOG GS IBM XOM ICE NDAQ NYX NMX all green;

Market digesting recent gains and I continue to believe we will be heading higher with initial target of the old SPX highs near the 1555 level.