OPENING LOOK

Markets are very mixed this morning with the DJIA +85, SPX +7 and the NAZ -2. DJIA strong on the heels of good news from GM MCD and MRK.

Strong sectors include oils, retail, large cap value, drugs, banks and brokers while biotech, small caps and semis pull back.

NYSE internals +600;

NAZ internals -300;

OEX- 85 WINNERS- GM MCD LEH MS F NXY TGT AA WB ATI GS; LOSERS- TXN EK INTC S EMC HPQ DIS CI CSCO CCU ORCL;

NDX -50 WINNERS- SIRI XMSR RIMM NIHD DISH MICC COST JOYG SPLS YHOO AMGN; LOSERS- APOL EXPE TLAB AMLN CELG JNPR SNDK VRSN LINTA GENZ;

VIX FLAT;

Weakness in the NAZ/NDX and the NAZ internals giving me some pause here although it wouldn't shock me if they got pulled later in the day by the strength in the DJIA/SPX.

The SPX with its own issue of the down sloping 50 day SMA right here right now.

Key stocks that are strong include:

GS LEH BSC MS MER CME MTB MI JPM C COST SHLD TGT TIF AAPL BIDU IBM RIMM AMGN XOM CNQ FTO RIG SLB VLO;

Weak ones include LVS WYNN MGM CELG INTC HPQ AMZN MA LM ICE NYX;

Gaming stocks pulling back after showing great strength the last few days.